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Home News World News

Iran says EU must speed up efforts to save nuclear deal

by  Reuters and Israel Hayom Staff
Published on  08-21-2018 00:00
Last modified: 12-02-2019 08:35
Iran threatens Israel with 'painful blow' over Syria strike

Iranian Foreign Ministry spokesman Bahram Qassemi | Screenshot

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Iran urged Europe on Monday to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, saying French oil group Total has formally pulled out a major gas project.

Efforts by the remaining signatories – EU members Britain, France and Germany plus China and Russia – to avoid the agreement's collapse are struggling as Washington has said any firms dealing with Tehran will be barred from doing business in the United States.

"Europeans and other signatories of the deal have been trying to save the deal, but the process has been slow. It should be accelerated," Foreign Ministry spokesman Bahram Qassemi said. "Iran relies mainly on its own capabilities to overcome America's new sanctions," he told a news conference broadcast on state TV.

European states have been scrambling to ensure Iran gets enough economic benefits to persuade it to stay in the deal, which Trump said was "deeply flawed."

Washington imposed new sanctions on Iran in August, targeting its trade in gold and other precious metals, purchases of U.S. dollars and its car industry.

The European powers, China and Russia say they will do more to encourage their businesses to remain engaged with Iran. But the threat of the U.S. sanctions has prompted many major companies to pull out of Iran.

Working to maintain financial channels with Tehran and facilitate Iran's oil exports, the European Union has taken steps to counter the renewed U.S. sanctions, including forbidding EU citizens from complying with them or related court rulings.

Washington has said Iran's only chance of avoiding the sanctions would be to accept Trump's offer to negotiate a tougher nuclear deal. Iranian officials have repeatedly rejected the offer.

"We do not want to revisit that nuclear deal. We want the United States to implement that [2015] nuclear deal" Foreign Minister Mohammad Javad Zarif told CNN on Sunday.

The United States will impose tougher sanctions in November which will target Iran's oil sales and banking sector.

Iran's rial currency has lost about half of its value since April because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the effects of sanctions.

Under the 2015 deal, most international sanctions on Iran were lifted in return for curbs on the country's nuclear program.

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