EU considers billions in financial aid to Iran

By Middle East Affairs

The major players of the 2015 Iran nuclear deal have come together to discuss the possibilities of offering Iran financial aid in exchange for constraining their ballistic missile development and widespread meddling in the region.

Now that President Trump has left the deal, that President Obama brokered, the remaining signatories have to work to convince Iran that they will still keep their promises. The European Union, China, and Russia are invested in salvaging the deal for economic reasons. Leading the next round of talks next week in Vienna will be Senior European Union diplomat Helga Schmid, it is unknown if Iran who has been unwilling in the past to curb its missile program will be attending.

In 2015, Iran conceded to ending its nuclear power program for desperately needed sanctions lift which was crumpling its economy. President Trump does not see the deal as aggressive enough, he wants Iran to curb its missile program and refrain from funding militias in the Middle East, such as the Houthi insurgency in Yemen.

If Iran were to agree to get rid of its missile program, President Trump would consider lifting the newly imposed sanctions on Iran, something that power majors encourage as they are keen to continue business with Iran.

E.U. officials have said that it would be a failure if they did not succeed in maintaining the deal. The E.U.’s energy chief assured Iran on Saturday that the 28 members of the E.U. were more committed than ever to the deal’s success.

While Iran has seen gains to its economy, remaining sanctions in place by the U.S have deterred major Western companies from doing business with Iran. Sanctions that are likely to remain in place until Iran consents to get rid of its ballistic missile program.

The E.U. along China and Russia are looking for new legal ways around the U.S’s newly imposed sanctions, so far as so approach discussions of billions of dollars of financial aid to Iran. A similar deal was struck with Turkey in 2015, EU paid billions in exchange for Turkey to take in millions of refugees that were seeking passage to Europe.

Iranian Foreign Minister Mohammad Javad Zarif said that Iran and the EU are off to a good start of talks, but that a lot depends on what happens in the next few weeks.

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