Published: Thu, May 17, 2018
Business | By Tara Barton

US Warns European Businesses on Sanctions If They Do Business with Iran

US Warns European Businesses on Sanctions If They Do Business with Iran

Iran's Foreign Minister Mohammad Javad Zarif arrived in Brussels ahead of a meeting with his British, French and German counterparts later on Tuesday, holding "good and constructive" talks with European Union foreign policy chief Federica Mogherini.

"There was awareness of the urgency", Mogherini said after the meeting in Brussels. "So I don't think this should be seen as anything less than a major step".

For Iran, it will mean crushing sanctions and direct or continued indirect war declared by Israel and Saudi Arabia with USA support.

Iran's foreign minister, Mohammed Javad Zarif, met with his EU, British, French and German counterparts in Brussels today.

"We all agreed that we have a relative in intensive care and we all want to get him or her out of intensive care as quickly as possible", she said.

So far, China, France, Russia, Britain, Germany and Iran remain in the accord, which placed controls on Iran's nuclear program and led to a relaxation of economic sanctions against Iran and companies doing business there.

"The only way to avoid pain from these sanctions is negotiating with the US, but the instruments are not easy to find", Volker Treier, deputy managing director of Germany's Association of Chambers of Commerce and Industry, said in an interview.

As opposed to the pre-JCPOA period-during which, Vakhshouri says, "the U.S. State Department had to go to a lot of effort to get these companies to comply" with U.S oil sanctions against Iran, "this time, they already know the consequences for failing to comply".

Democratic Primary for Nebraska's 2nd District Remains Too Close to Call
Ashford, a former Republican, ran a more moderate campaign and had the backing of the Democratic Congressional Campaign Committee. Smith won yesterday's Republican primary with 66-percent of the vote and will take on Democrat Paul Theobald in November.

EU leaders aim to show a united front on preserving the Iran deal when they meet for a pre-summit dinner in Sofia on Wednesday, European Council President Donald Tusk said.

"We believe that this occurred mainly due to the reasons, which are not tied to the JCPOA, and frankly speaking, the USA representatives are not hiding this", Ryabkov said. German Economy Minister Peter Altmaier meanwhile heads to Russian Federation on Monday to help prepare a meeting between Merkel and President Vladimir Putin set for the end of the week in Sochi. We have the support of the Arab oil-producing monarchies and many others.

Europe is scrambling to come up with ways to persuade Iran to stick with the landmark 2015 agreement despite US President Donald Trump ditching it a week ago.

While the nuclear agreement did not include the latter two points, it had successfully imposed a limit on Iran's nuclear capabilities and a verification program to which Iran had abided, according to the International Atomic Energy Agency, the United Nations and the other signatories of the nuclear deal (Germany, Britain, France, Russia and China).

"That's what we are going to do and I will be hard at it with the Europeans in the next several days", said the top USA diplomat.

But the reach of the US 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.

Following Tuesday's evening talks in Brussels, all 28 European Union leaders are expected to discuss their next steps at a summit in Sofia on Wednesday, but no decisions are expected.

Like this: