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Bolton warns sanctions possible for businesses dealing with Iran

15 May, 2018, 22:43 | Author: Sara Gill
  • Workers inspect a Peugeot 508 at the Iran Khodro car factory in Tehran Iran Wednesday

Iran and China have agreed to cooperate to maintain the Iranian nuclear deal. On May 13, he visited China, and after the talks with Lavrov he will travel to Brussels where he will meet with EU Foreign Policy Chief Federica Mogherini and top German, French and British diplomats.

He also asserted that the future of the nuclear agreement of July 14, 2015, hinges on the assurance to be given to Iran by the remaining 5 signatory states of the original sextet.

On Sunday US Secretary of State Mike Pompeo said Washington still wants to work with Europe to counter Iran's "malign behavior".

And on Monday Putin met Yukiya Amano, the head of the International Atomic Energy Agency, telling him that Russian Federation was "ready to continue to uphold the Iran nuclear deal despite the withdrawal of the United States".

Sanctions on European companies that do business with Iran after the U.S. withdrawal from the nuclear deal are "possible", White House National Security Adviser John Bolton said on Sunday.

The Joint Comprehensive Plan of Action (JCPOA), known as the deal on Iran's nuclear program, was signed between Iran and six global mediators (the United Kingdom, Germany, China, Russia, the United States, and France) on July 14, 2015. "The answer is, it's possible, it depends on the conduct of other governments", Bolton replied.

In the past week, it has slapped a new series of sanctions against Iran.

Last December, Trump drew widespread condemnations and protests from across the Arab and Muslim world when he announced his decision to recognize Jerusalem as Israel's capital.


Mr Zarif also discussed the agreement with his Russian counterpart, Foreign Minister Sergey Lavrov, on Monday.

But the reach of the U.S. financial system, the dominance of the USA dollar, Trump's efforts to weaken the WTO and the presence of European companies' operations in the United States all weaken any potential EU measures.

Iranian President Hassan Rouhani reiterated his country's commitment to the deal, saying Teheran will continue to implement its liabilities.

"The consequences of American sanctions go well beyond goods shipped by American companies, " Bolton said.

A number of European companies, including Airbus, Siemens and Total, had established operations in Iran since the signing of the deal.

The deal's proponents say it is crucial to forestalling a nuclear Iran and preventing wider war in the Middle East.

Despite the U.S. exit, Britain and Iran expressed their commitment to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

"So far we have had very positive signals from signatories of the deal. but what is important is for Europeans to find a way to protect their investors from U.S. penalties (when they invest in Iran)", a senior Iranian diplomat said.

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