Published: Tue, May 15, 2018
Finance | By Jaime Brady

Top Russian, Iranian diplomats to discuss ways of salvaging Iran nuclear deal

Top Russian, Iranian diplomats to discuss ways of salvaging Iran nuclear deal

The top Iranian diplomat made the comments at a meeting on Monday with his Russian counterpart, Sergei Lavrov, in Moscow, the second destination on his diplomatic tour aimed at saving the nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA).

Iran has been in discussions with countries involved in the 2015 agreement in an attempt to save the deal after the USA withdrawal.

Analysts have suggested Russian Federation could benefit economically from the USA pull-out, as it is less exposed to the consequences of renewed sanctions than Europe.

Trump has said the United States would be reinstating the anti-Iran bans lifted under the JCPOA and also slapping the "highest level" of economic sanctions on Tehran, prompting anger among other parties to the Iran deal, which unanimously denounced Washington and vowed to stay committed to their side of the deal.

Iran's Foreign Minister Javad Zarif has begun a diplomatic tour to seek assurances that signatories to a landmark nuclear deal will back it despite its abandonment by the US.

Heiko Maas, the German foreign minister, said he feared that European Union negotiations with Mr Zarif and later with...

"If the nuclear deal is to continue, the interests of the people of Iran must be assured", Zarif added.

JCPOA was implemented in 2016 after five permanent members of UN Security Council, China, France, Russia, United Kingdom and US plus Germany reached an agreement with Rouhani's government to lift worldwide sanctions imposed on the Islamic Republic in exchange for Tehran to curb its nuclear program.

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In addition, the leaders of Russian Federation and Turkey discussed issues of the Syrian settlement and implementation of key bilateral projects.

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Describing the deal as "hard-earned", Mr Yi added: "I hope and believe that these visits to multiple countries will help protect Iran's legitimate national interests and peace and stability in the region".

Major European powers sought Tuesday to keep Iran in a landmark global nuclear agreement after President Donald Trump pulled the US out of the pact and promised tough economic sanctions against Tehran.

Among them is the possible use of an EU "blocking regulation" which would, in essence, ban European companies from respecting American sanctions where those sanctions might damage EU interests, notably trade and the movement of capital.

"We could have pushed the Europeans a lot harder, to work with us, " Gates said on "Face the Nation".

Minister for trade and export David Parker last week said it was still unclear to the nations who remained in the nuclear agreement what exports or trade were at risk when associating with Iran.

Bolton said Europe was still digesting Trump's May 8 move.

In an interview with ZDF public television, Altmaier noted the United States has set a 90-day deadline for foreign firms to comply with the return of sanctions and that this period can be used to convince Washington to change course. Hostilities between Iran and Israel have already escalated in recent days.

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