EU assures Iran that it will save deal, continue trade

By Middle East Affairs

Iran’s nuclear chief announced that the European Union is doing what they can to salvage the Nuclear Deal with major powers, after President Trump decision to withdrawal, which has left many disgruntled with Washington.

Ali Akbar Salehi in speaking with Miguel Arias Canete, the European Commissioner for Energy and Climate at a news conference in Tehran, said, “We hope their efforts materialize … America’s actions … show that it is not a trustworthy country in international dealings.”

The European Commissioner was in Tehran to assure Iran that the European Union intends to keep trade open under the deal. Originally formed in 2015 under President Obama, Iran had to restrict its nuclear power ambitious in exchange for a lift of longstanding sanctions against the country.

Iran has enjoyed economic growth for the last two years since it was able to trade and enter business negotiations with major European powers. In the past, the European Union was the biggest importer of Iranian oil, so it is keen to keep relations on track and revive flows of trade with Iran.

“We have sent a message to our Iranian friends that as long as they are sticking to the agreement the Europeans will… fulfill their commitment. And they said the same thing on the other side,” Canete delivered.

The U.S.’s response has been to invite ambassadors from around to world to Washington to share with them plans of forming a global coalition against Iran, which President Trump has assured is not against the Iranian people, but against the bad actions of the regime.

In the last week, the U.S. has imposed several sanctions on major Iranians officials citing terrorist affiliation, including Governor Valiollah Seif.

The European Union has proposed direct transfers to Iran’s central bank to avoid U.S penalties and is planning to pursue legal measures that would allow European companies to do business with Iran.

Some global trading companies are predicting an inevitable drop in Iranian exports because of banking and finance trade issues, a consequence of U.S’s newly imposed sanctions.

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