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m3n4.net October 18, 2018


China, Germany defend Iran business ties as USA sanctions grip

10 August 2018, 12:30 | Vera Richards

China, Germany defend Iran business ties as USA sanctions grip

Iranian Foreign Minister Mohammad Javad Zarif right greets North Korean Foreign Minister Ri Yong Ho in Tehran on Tuesday

Trump tweeted that "the Iran sanctions have officially been cast. He believes that it deserves continued support and that all of the parties to that agreement need to abide by its terms", spokesman Farhan Haq said.

President Vladimir Putin has said Russian Federation is prepared to continue its oil investment in Iran at the level of $50 billion in the face of U.S. plans to reimpose sanctions on the Iranian oil and gas sector on November 4.

"Today, the (European) Council has endorsed the update of the blocking statute annex on the nuclear deal with Iran", Mogherini said after a meeting of European Foreign Ministers in Brussels.

Tuesday's sanctions target Iran's purchases of USA dollars, metals trading, coal, industrial software and the auto sector.

Also Tuesday, a number of people were reportedly injured when security forces cracked down on protesters in the town of Malek Shahr, outside of Isfahan.

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They also said that "the European Union's updated Blocking Statute enters into force on August 7 to protect EU companies doing legitimate business with Iran from the impact of USA extra-territorial sanctions".

"It's pretty clear to us that they were trying to use that exercise to send a message to us that, as we approach the period for the sanctions here, they had some capabilities", said Votel.

Companies doing business with Iran will be barred from the United States, Mr Trump said on Tuesday. While the European Union is enforcing the so-called Blocking Statute to protect its firms operating in Iran from looming United States sanctions against the country, Germany, a signatory the Joint Comprehensive Plan of Action (JCPOA), has criticized the United States approach.

In several videos posted to social media over the past week, crowds of dissidents are heard chanting, "Death to the dictator" as the United States prepared to reinstate sanctions on the country following President Donald Trump's exit from the global nuclear deal in May.

"The U.S. administration performance in these years has led the country to be considered untrustworthy and unreliable around the world which does not meet any of its obligations", Hassan Rouhani told North Korea's foreign minister, Reuters reported, citing Iranian state media.

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Treier said many of Germany's trading partners were affected by the US measures and their effects, which was, in turn, hurting business with German companies. Hindustan Petroleum, which owns India's third-largest refinery, canceled an Iranian oil shipment in July when its insurance company refused to cover the sale because of impending USA sanctions. "It has propped up the Syrian regime and participated in crimes against humanity in Syria".

In a tweet on Tuesday addressed to Donald Trump, Iranian Foreign Minister Mohammad Javad Zarif said the world is "sick and exhausted of USA unilateralism".

"In the current situation, friendly countries should develop their relations and cooperation in (the) worldwide community", Rouhani said, according to a state news agency.

Chinese State Councilor and Foreign Minister Wang Yi said in Singapore on Friday that China is willing to work with all parties to continue safeguarding the Iran nuclear deal.

The resolution, unanimously adopted six days after the nuclear deal was signed in Vienna, calling on United Nations member states to refrain "from actions that undermine implementation of commitments" under the Vienna agreement, known as the Joint Comprehensive Programme of Action (JCPOA). Votel singled out Soleimani for driving much of that militant activity.

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