Left Menu
Development News Edition

Iran could reverse nuclear breaches if Europe acts: Zarif


Iran could reverse nuclear breaches if Europe acts: Zarif
Representative Image Image Credit: Wikimedia

Iran would be willing to move back towards the 2015 nuclear deal if Europe provides "meaningful" economic benefits, the country's foreign minister has said. The European parties to the Iran nuclear deal -- Britain, France, and Germany -- have been battling to save it since US President Donald Trump withdrew from it and reimposed tough sanctions on Tehran.

Iran has responded to the US pullout with a series of steps back from its own commitments under the deal, including by increasing uranium enrichment. But Foreign Minister Mohammad Javad Zarif said the Islamic republic could be willing to move back towards compliance -- under certain circumstances.

"We have said that we are prepared to slow down or reverse these measures commensurate with what Europe does," Zarif told reporters at the Munich Security Conference. "We will decide whether what Europe does is sufficient to slow down or to reverse some steps -- we have not even ruled out reversing some of the steps that we have taken."

Europe has set up a special trading mechanism called Instex to try to enable legitimate humanitarian trade with Iran to offset some of the effects of US sanctions. But it has yet to complete any transactions and the Iranian side does not think it is sufficient.

"We're not talking about charity. We're talking about Iranian rights and the rights of the Iranian people to receive the economic benefits," Zarif said. "We have received irreversible harm or irreparable harm because of US sanctions, but nevertheless we will reverse the steps that we have taken provided that Europe takes steps that are meaningful."

The EU's top diplomat Josep Borrell met Zarif in Tehran earlier this month to try to lower tensions after Britain, France and Germany triggered a complaint mechanism under the deal to try to press Tehran to return to full implementation. Washington accuses Tehran of seeking a nuclear weapon, which Iran has always denied.

The renewed US sanctions have almost entirely isolated Iran from the international financial system, driven away oil buyers and plunged the country into a severe recession. Borrell has also been in consultation with the other countries still in the deal -- Russia and China -- who like their European counterparts want to save the accord.

A meeting of the joint commission that oversees the deal is due to be held this month to consider the dispute mechanism.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

How can technology help the future of mobility?

More than a billion people or one-third of the global rural population lacked access to all-season roads and transport services in 2016, subsequently hindering the socio-economic development....

Videos

Latest News

Six killed after van rams into stationary truck in Hisar's Narnaund

Six people were killed and as many were injured when their van rammed into a stationary truck in Haryana on Monday, police said. The accident occurred near Rakhi Shahpur village in Narnaund, about 30 km from Hisar, an official of the Narnau...

India to take lead role in promoting 'green economy': PM Modi

Mentioning that India has a population of almost 2,970 at present, Prime Minister Narendra Modi on Monday said that the country would take a leading role in promoting green economy including conservation of mountain ecology with peoples par...

UPDATE 1-Thailand reports new coronavirus case, to increase entry screening

Thailand said on Monday it had recorded one new case of the coronavirus and was increasing screening of visitors from Singapore and Japan entering the country in response to the widening outbreak.The new case, a 60-year-old Chinese woman wh...

Sedition case: Three engineering students from Kashmir re-

The three Kashmiri engineering students a college here facing sedition chargeswere arrested again on Monday after protests broke out against the police for releasing them on execution of a bond underSection 169 of CrPC. The trio, students o...

Give Feedback