Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, March 23, 2019 03:16:58 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

EU launches economic plan to save Iran nuclear deal

By
17th-May-2018       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Brussels :
The European Union on Tuesday launched work on a nine-point economic plan to keep the Iran nuclear deal alive after the abrupt withdrawal of the United States.
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.
Tehran has warned it is prepared to resume "industrial-scale" uranium enrichment "without any restrictions" unless Europe can provide solid guarantees that it can maintain the economic benefits it gained from the nuclear agreement despite Washington reimposing sanctions.
Iranian Foreign Minister Mohammad Javad Zarif met EU foreign policy chief Federica Mogherini and his counterparts from Britain, France and Germany-the three European signatories to pact-in Brussels on the last leg of a whirlwind diplomatic tour that also took in Russia and China, the two other signatory nations.
Mogherini said EU experts were aiming to come up with concrete proposals in the coming weeks on nine key issues including ensuring Iran could sell its oil and gas products and have access to international finance. "I believe it's a good start. We're not there, we're beginning the process," Zarif told reporters after the talks.
But he warned that Tehran expected to see progress towards the guarantees it wants "within the next few weeks".
Mogherini acknowledged the enormous challenge of finding a way around US sanctions punishing businesses trading with Iran, which apply all around the world.
"We know it's a difficult task but we are detemined to do it and we have started to work to put in place measures that help ensure this happens," she told reporters.
EU experts have already started work on measures to get round US sanctions on Iran, Mogherini said.
Their efforts focus on nine key areas including maintaining economic ties with Iran, continuing Iran's ability to sell oil and gas products and protecting EU companies doing business in Iran.
The EU is also looking at how it could develop special financing vehicles for doing business with Iran.
The European Union insists the deal is working, pointing to repeated UN inspections verifying the Islamic republic's compliance with its side of the bargain.
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.
"I would like our debate to reconfirm without any doubt that as long as Iran respects the provisions of the deal, the EU will also respect it," Tusk said in a letter to the leaders on the eve of the summit.
European firms, especially those from France and Germany, rushed to invest in Iran following the 2015 accord, under which Tehran agreed to freeze its nuclear programme in return for an end to punishing international sanctions.
German exports to Iran totalled nearly 3.0 billion euros in 2017, while French exports soared from 562 million euros in 2015 to 1.5 billion in 2017 and oil giant Total has pledged to invest some $5 billion in the South Pars gas field.
When he quit the deal last week, US President Donald Trump gave businesses a maximum of six months to wind up operations in Iran or face swingeing penalties under American sanctions.
"We have to be realistic about the electrified rail, the live wire of American extra-territoriality and how that can serve as a deterrent to business," said British Foreign Secretary Boris Johnson.
French President Emmanuel Macron held phone talks with his Russian counterpart Vladimir Putin on Tuesday, and the Kremlin said they had "confirmed Russia and France's commitment to make the deal work".
Washington has long complained that the nuclear deal does nothing to stop Iran's ballistic missile programme or its interference in conflicts across the Middle East from Syria to Yemen.
On Sunday, US Secretary of State Mike Pompeo said Washington still wants to work with Europe to counter Iran's "malign behaviour" and was working hard to thrash out a more wide-ranging deal with its European partners.
But Mogherini cast doubt on the idea on Tuesday, saying the deal "doesn't need to be changed, modified or have any addition".
"We're not talking about annexes or modifications of the agreement at all, we're talking about setting up concrete measures" to preserve the deal, Mogherini said.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Save Halda from dying


DEPARTMENT of Environment has revealed that waste from a housing estate and some factories are polluting the Halda river in Chattogram to the extent that it caused dying of fish. Currently, the pollution of the Halda is severely affecting the livelihood of adjacent people, in particular the fishermen. In June ...

International »

Prince Charles heads to Cuba amid US tensions


AFP, Havana :Britain's Prince Charles and his wife Camilla will make the first royal visit to communist-run Cuba on Sunday at a time when ally Washington is seeking to ramp up sanctions against the island.The 70-year-old prince was asked by the British government to add Cuba to a long-planned tour ...

Football »

US beat Ecuador 1-0 in int’l friendly soccer


AP, Orlando :Gregg Berhalter's vision for the U.S. national team started to unfold as the Americans passed the ball from side to side, played diagonal balls long and short. Possession is his key to success.The style was more pleasing. But the only goal of night was pretty weird.Gyasi Zardes's shot ...

Entertainment »

Homayra Himu wants to give direction


Sheikh Arif Bulbon :Five years ago, popular TV actress Homayra Himu produced a telefilm titled Bhalobashi Othoba Bashi Bhalo. But producing that telefilm she faced financial crisis during that time. She was sufferer for this and later decided not to produce any work. But she is interested to give direction ...

Sports »

Russia's Natalia Zabiiko and Alexander Enbert perform their pairs free skate during the ISU World Figure Skating Championships at Saitama Super Arena in Saitama, north of Tokyo on Thursday.


Football »

Trinidad and Tobago's Aubrey David (left) and Wales' Ryan Hedges battle for the ball during the International Friendly soccer match between Wales and Trinidad and Tobago, at the Racecourse Ground, in Wrexham, Wales on Wednesday.


Entertainment »

Deepika Padukone checks all ticks in list over a week


Bollywood’s leading lady Deepika Padukone has had an eventful last week as the actress unveiled her prestigious Statue of Purpose at Madame Tussauds and graced the Vogue International cover as the Global Talent. Both the events are key and one of the major highlights in the life of the actress. ...

City »

Holi festival celebrated with enthusiasm, fanfare


Thousands of devotees on Thursday celebrated the Holi, a Hindu religious festival of colours, across the country with due religious fervour and much enthusiasm."Marking the festival, a large number of devotees thronged the Dhakeswari National Temple in the morning to offer abir, a pink colored powder, at the foot of ...

Editorial »

Europe`s worst genocide and Karadzic`s life imprisonment


IT'S another symbol of justice against a 'genocide' that had committed about 25 years ago by a powerful European ruler; Radovan Karadzic. The 73-year former Bosnian Serb leader has been awarded life imprisonment for his crimes in the war that broke-up his country in 1990. UN judges in The Hague ...

Business & Economy »

Vivo launches V15 with 32 MP Pop-Up Selfie camera


Business Desk :Vivo, the innovative global smart phone brand, launched the long-awaited smart phone V15 after it's pro version V15 Pro was unveiled in Bangladesh last month. The Vivo V15 packs a 32 megapixel pop up selfie camera, a powerful triple rear camera set-up, stunning Ultra Full-View display 6.53 inch ...

International »

NZ bans sale of assault gun, semi-auto rifles


 AFP, Wellington :New Zealand Prime Minister Jacinda Ardern announced an immediate ban on the sale of assault rifles and semi-automatics Thursday in a muscular response to the Christchurch terror attack that killed 50 people."Today I am announcing that New Zealand will ban all military-style semi-automatic weapons. We will also ban ...

International »

EU chief says Brexit delay possible if MPs approve deal


The EU could approve Britain's request for a short delay to Brexit but only if UK MPs next week vote through the withdrawal deal they have twice rejected, European Council president Donald Tusk said Wednesday.With nine days to go before Britain is due to leave the bloc, the country is ...

Business & Economy »

Bolsonaro to visit Trump to firm up conservative alliance


AFP, Brasilia :Brazil's far right President Jair Bolsonaro will meet US counterpart Donald Trump next week to strengthen ties in the nascent regional conservative alliance aiming to ramp up the pressure on Venezuela's Nicolas Maduro.After decades of fractious relations between Brasilia and Washington, things have improved with the assumption to ...

Entertainment »

Romeo Akbar Walter celebrates unnoticed people: Mouni Roy


Actress Mouni Roy, who will be seen in the forthcoming film Romeo Akbar Walter, says the espionage thriller celebrates the unnoticed people who have sacrificed their lives for the love of their country. Romeo Akbar Walter is set against the backdrop of the India-Pakistan War of 1971. In the film, ...

Entertainment »

Biased towards TV but enjoy digital: Sakshi Tanwar


Actress Sakshi Tanwar, who has featured in a web series titled The Final Call, says she is biased towards television but has started enjoying working in the digital platform as it gives an opportunity to actors to experiment in a lesser period of time.  “I feel every medium is different. ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news