CPOA

Hassan Rouhani - Iran Politics News Headlines

Foreign Minister Mohammad Javad Zarif says Iran is determined to go for the third stage of suspending its commitments under a 2015 multilateral nuclear deal if the European co-signatories keep failing to uphold their end of the bargain. Speaking on the sidelines of a cabinet meeting in Tehran on Wednesday, Zarif complained that the European parties to the Iran deal —France, Britain and Germany — have failed to abide by their commitments, both those within the framework of the agreement itself and their obligation to respond to the consequences of America’s exit from the accord. He pointed to a non-dollar direct payment channel designed by the Europeans to offset the American sanctions that have returned in place against Iran, saying the financial mechanism — known as INSTEX — is still in its preliminary stage and is yet to become operational. “INSTEX should not be turned into a tool for carrying out US orders and [enable] them (Americans) to decide how this mechanism can function,” Zarif said. “INSTEX is a vehicle for Europe to fulfill its commitments after America’s pullout” from the nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA). The mechanism, he added, should guarantee that Iran would be able to sell its oil and collect the revenue. Zarif further urged Europe to “allow itself the courage to act based on its commitments, not on the American demands.” During the recent Joint Commission of the JCPOA, Tehran’s partners once again stressed their commitment to the nuclear deal,Continue reading

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