Peace with a price: Iran promises EU to adhere to nuke deal on one condition

4
4439

… from Sputnik News, Moscow

While Iranians would like things to be better, the great majority do not blame their government, but the US coalition.We confirmed that on the Iran trip.

[ Editor’s Note: What looks like an interesting proposal from the EU to buffer Iran from the US sanctions’ economic damage has a feasibility hurdle to overcome. Does the EU have the resources to actually do it? And if so, would Trump not use his EU tariffs weapon to sanction it?

The response so far seems to be that EU firms with lucrative business interests in the US could not afford to lose them, as they have stockholders to answer to.

The EU economy needs both the US market and Iran’s new business to have any chance to pump up its flat economy, partially due to the Russian sanctions where the EU has lost its $110-billion trade surplus with Russia.

There are some interesting proposals below in terms of developing workarounds in funding Iranian development deals for big EU companies by having the EU investment back-funding them. Another one eliminates payments to Iran going through the US-dominated banking system by using a new direct payment route. I am assuming they would use the “joint bank” structure that Russia, China and Turkey have used, which is working fine.

Pompeo is now part of Trump’s Iran war cabinet

Jim Fetzer and I got the Press TV rolling-coverage slot right after Pompeo’s Alice in Wonderland speech, which we shredded to ribbons. I cannot think of anything Pompeo said that was true. It was definitely a Twilight Zone experience.

The only silver lining I see here is that all non US-controlled countries now see that they need a strong coalition to defend against US sanctions, and that by defending Iran from them, they are defending themselves for when their turn comes.

Can the EU ask US firms to stop doing business there if the US does it to them, when the EU has enjoyed a trade surplus with us? Would Trump not view that as a US job stimulator, viewing it as a win-win situation?

Or would Trump punish particular EU countries with a selective tariff program where to date even Britain has said it wants to remain in the deal, and thus trying to fracture the EU?

Pompeo’s giving his speech at the neocon Heritage Foundation sent a strong message that that crowd is in a take-no-prisoners mode. Trump seems ready to gamble US isolation, betting the EU will cave in first. The next couple of weeks should give us time to see if the tough words are matched by tough deeds, from both sides Jim W. Dean ]

Jim's Editor’s Notes are solely crowdfunded via PayPal
Jim's work includes research, field trips, Heritage TV Legacy archiving & more. Thanks for helping. Click to donate >>

– First published … May 21, 2018

Faced with the prospect of renewed US sanctions, Iran is looking for efforts by Washington’s European allies to keep the 2015 nuclear accord alive.

Iran has promised the EU to adhere to the terms of the 2015 nuclear agreement provided that EU countries make up for the damage Tehran may suffer from US sanctions, Iran’s nuclear chief, Vice President Ali Akbar Salehi told reporters.

Over the weekend Salehi met with the European commissioner for energy and climate, Miguel Arias Canete, who had been dispatched to Tehran with a plan to stop Iran’s financial isolation and ensure its continued implementation of the terms of the nuclear accord.

“We hope that what they have presented to us, will be materialized,” Ali Akbar Salehi told Western journalists who had gathered in the Iranian capital.

He urged EU representatives to stand up to Washington’s pressure and keep the 2015 accord in place. He added that Tehran would uphold the agreement only if the EU’s effort helps offset renewed US sanctions.

“The ball is in their court,” Salehi added.

After meeting with Salehi on Saturday, Canete was quoted by the Wall Street Journal as saying that the sides had agreed to hold a senior-level seminar on nuclear cooperation in November. The two also reaffirmed the EU and Iran’s commitment to the nuclear deal.

He added that the EU “deeply regrets” the US withdrawal from the Iran agreement and that the EU “is determined to preserve the deal.”

Iran’s Foreign Minister Mohammad Javad Zarif has stated that in light of the US withdrawal from the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal, Tehran wants guarantees of economic benefits from it.

This position has been repeatedly underscored by the country’s officials: they insist on the preservation of all the agreement’s stipulations that they signed, as well as all the economic benefits contained in the JCPOA.

EU Digs In Heels

Responding to Washington’s move, the European Commission on Friday approved a three-pronged package of measures to protect European companies working in Iran against potential US sanctions.

First, the Commission set in motion a formal process to apply a 1996 law that would ban European companies from complying with extraterritorial US sanctions, allowing them to collect damages arising from American restrictions and shields them from adverse foreign-court rulings.

Secondly, the Commission will simplify the European Investment Bank’s financing for European economic projects in Iran.

Thirdly, it will ramp up across-the-board economic partnership with Tehran, including in energy.

READ MORE: ‘If EU Can’t Act Independently With Iran There’s No Future for Deal’ — Scholar

The European Commission has also advised EU member-states to establish a system of direct payments to the Iranian Central bank bypassing foreign go-betweens.

The Iran nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA,) signed by Tehran and the five permanent members of the UN Security Council – the US, France, Britain, Russia and China – plus Germany on July 14, 2015, imposes strict restrictions on Iran’s nuclear program in return for the loosening of economic sanctions.

Biography
Managing Editor
Jim W. Dean is Managing Editor of Veterans Today involved in operations, development, and writing, plus an active schedule of TV and radio interviews. Read Full Complete Bio >>>

Jim W. Dean Archives 2009-2014
ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy

4 COMMENTS

  1. power is often given away because of the fear to test it.

    standing up to a bully is always the best response….lets hope these totally corrupt leaders have a speck of integrity left in them.

    • Their God is MONEY. With large sums of cash they can buy big items like our Congress. They can insure their investments with compromising photographs of Senators and Congressmen with children or adults in compromising embarrassing positions if they were released. If this method fails these gangsters move on to Plan B where a relative might have an “accident” or be on a plane which crashes, etc. Nothing new here. These are age old tactics and reasons why the Founders sought to create a new nation which had the tools to come out of the dark ages and prevent government take overs by criminals. But due to total sell out by whores in Congress, Israel has hi jacked our country today. They also did 9/11 but blamed it on Muslims. Traitors Bush, Cheney and the four star generals aided in this scam. All are now retired on lavish pensions and will never see a day in prison as they should. America is gone with the wind, the same in name only. However, it will likely be the financial failure of the dollar which brings the country down. It could happen at any instant without warning. The Israelis are the master con artists of the world. They are masters at fooling others about their own crimes against humanity. Americans are brainwashed and love to be fooled, fleeced and had. They deserve their plight into oblivion. https://wikispooks.com/wiki/9-11/Israel_did_it

  2. You mean PNAC and not “PNAMC”

    Wesley Clarke’s 7 countries in 5 years is a matter of public record, so anybody can go read about it.

    Pompeo and Bolton are there to do Israel’s chores. Period.

    Trump’s main “accomplishments” are moving to the US Embassy to Jerusalem, exiting the JCPOA, and bombing Syria based on false flag lies and machinations.

    All Trump is doing is paying back Sheldon Adelson, Paul Singer and Bernie Marcus for supporting his ill-conceived campaign.

    Trump is a complete whore for AIPAC and Israel.

    Israel wants the Golan Heights and a war with Iran and Trump is going to deliver those nightmares for the sake of Israel to the detriment to the whole world, especially the USA.

    This is a sad reality for the USA.

Comments are closed.