- Iran, Europe ‘Finalizing Mechanism for Cooperation, US Sabotage Sure to Fail’
by https://www.presstv.com/
Iran has been doing copious work with Europe to devise a mechanism to guarantee continued bilateral trade despite attempts by the United States to obstruct such cooperation, says an Iranian official, declaring that US sabotage is “certain” to fail as a result of ongoing Iranian-European diplomatic engagement.
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“After much negotiation over a clear mechanism with Europe, we have neared certain understandings; and for sure, US sabotage in that regard will fail,” said Bahram Qassemi, spokesperson for the Foreign Ministry, during a press briefing on Monday.
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Qassemi referred to the US unilateral pullout from a multilateral deal with Iran, Europe, Russia, and China on May 8, and said Tehran has since been negotiating with the remaining parties to work out a mechanism to beat the US financial reach in European countries that would hinder their continued cooperation with Iran.
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Iran struck the deal with originally six world powers and the European Union (EU) back in 2015, agreeing to curb its nuclear program in return for mainly lifting restrictions on its oil sales.
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When US President Donald Trump unilaterally pulled America out in May, he reintroduced the previous sanctions and imposed new ones on the Islamic Republic. He also introduced punitive measures — known as secondary sanctions — against third countries doing business with Iran.
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Iran has stayed in the deal but has stressed that the other parties to the agreement have to work to offset the negative impacts of the US pullout for Iran if they wanted Tehran to continue to remain in it. Europe has been taking a range of measures to meet the Iranian demand for practical guarantees.
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‘Details to remain undisclosed’
On September 24, Iran and its five partners released a joint statementannouncing the setting up of a “Special Purpose Vehicle” to facilitate continued trade with Iran, bypass the US’s financial system, and avoid any impact of America’s secondary sanctions. That statement did not provide details. And EU foreign policy chief Federica Mogherini said technical talks would ensue.
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