U.S. sanctions 'possible' on European companies doing business with Iran

U.S. sanctions 'possible' on European companies doing business with Iran

U.S. sanctions 'possible' on European companies doing business with Iran

Iran's Foreign Minister Javad Zarif sought further talks after failing to win any concrete assurance to help tackle the USA threat of economic sanctions over its nuclear program. "Our goal should be regime change in Iran", he told Fox at a time when he was with the American Enterprise Institute think tank.

European firms, especially those from France and Germany, rushed to invest in Iran following the 2015 agreement, under which Tehran agreed to freeze its nuclear programme in return for the repeal of punishing global sanctions.

Zarif is scheduled to talk with Russian Federation on Monday about the nuclear deal.

"Iran's interests in important areas and issues relevant to the JCPOA, like oil, gas, and petrochemicals sales, as well as banking relations should be clearly and explicitly defined and guaranteed", Rouhani said.

In a tweet on Sunday, Trump wrote: "Remember how badly Iran was behaving with the Iran Deal in place".

Then he declared that Iran's leaders will reject Washington's demands for a "new" US-dictated 'deal, ' adding, "I'd probably say the same thing if I was in their position". Citing data from the Stockholm International Peace Research Institute, the newspaper explained that Iranian military spending has increased by only about 30 percent from 2015, the year the Iran deal was reached, to last year.

The trip comes after U.S. President Donald Trump announced on May 8 that Washington was walking away from the agreement, officially called the Joint Comprehensive Plan of Action (JCPOA).

Iran's Supreme Leader Ayatollah Ali Khamenei has called the United States withdrawal "impudent" and "worthless".

Lavrov also voiced support for Iran's right to defend its "legitimate interests" as part of the agreement, which removed nuclear sanctions against Iran in early 2016 in exchange for certain limits to its civilian nuclear activities.


Former Defense Secretary Robert Gates said while the Iran deal was "a flawed agreement" because of a lack of unfettered inspections and other problems, leaving the deal isolates the United States and Trump should have extended it for at least another six months to work with allies.

"[New Zealand companies] will lose in this sanction, we can buy, for example butter, from many other countries, that is why it is not in favour of New Zealand, it will not serve the New Zealand companies' interests".

Mohammad Javad Zarif met the EU's foreign policy chief Federica Mogherini ahead of talks with counterparts from Britain, France and Germany - the three European signatories to the landmark deal who are scrabbling to preserve it.

In the aftermath of Washington's pullout, Europeans are seeking ways to protect the interests of their firms doing business in Iran and help them escape the brunt of the upcoming USA sanctions.

Mohammad Javad Zarif's tour began two days after unprecedented Israeli strikes in Syria which a monitor said killed at least 11 Iranian fighters, triggering fears of a broader conflict between the two arch-enemies.

"If the government of New Zealand obeys any sanction against Iran, it is not sanction against Iran it is a sanction against the New Zealand companies", Mr Mianji said.

This article has been adapted from its original source.

Acknowledging that the Europeans are disappointed that the USA got out of the deal.

'We are examining the announcement and its potential implications, ' Rolls Royce said.

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