France suggests Europe will reimpose sanctions if Iran reneges on deal


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07 May, 2019 11:56 pm

PARIS (Reuters) – European countries will reimpose sanctions on Iran if it reneges on commitments under its nuclear deal, a source at the French presidency said on Tuesday, after Tehran said it would scale back its compliance a year after Washington pulled out.

Iran dismissed a US announcement of the deployment of an aircraft carrier to the Middle East as old news, recycled for psychological warfare, and said it would soon announce plans to roll back some of its commitments under the 2015 deal.

Tensions have risen on the eve of the anniversary of President Donald Trump’s withdrawal from the nuclear deal, under which Iran agreed to curbs on its nuclear programme in return for the lifting of international sanctions.

The Trump administration has restored US sanctions and extended them, effectively ordering countries around the world to stop buying Iranian oil or face sanctions of their own.

Iran has continued complying with the deal. Washington’s European allies, which oppose the US pull-out, have tried and failed to come up with ways to blunt the economic impact of the US move while urging Iran to continue to comply.

Difficult to shield German firms after US withdrawal from Iran deal

Germany wants to help its companies continue doing business in Iran after the US decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday.

US President Donald Trump’s decision on Tuesday to renege on the 2015 nuclear accord with Iran and reimpose sanctions against Tehran came with the threat of penalties against any foreign firms involved in business there.

Germany – along with France and Britain – has said it remains committed to the nuclear deal. The foreign ministers of the three European powers will meet their Iranian counterpart in Brussels on Tuesday to discuss a way forward.

“I do not see a simple solution to shield companies from all risks of American sanctions,” Maas told Bild am Sonntag newspaper.

“The talks with the Europeans, Iran and the other signatories to the agreement are therefore also about how it can be possible to continue trade with Iran,” Maas said.

Maas said the Europeans wanted to ensure that Iran would continue to abide by the rules and restrictions of the nuclear agreement.




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