EU must make more efforts to save nuclear deal\, says Iran

EU must make more efforts to save nuclear deal, says Iran

ANI  |  Europe 

on Sunday called on the (EU) to do more to keep the nuclear deal afloat and take a stronger stance against diplomatic pressure and trade sanctions by the US.

"INSTEX falls short of the commitments by EU 3 (Germany, and the UK) to save the nuclear deal. needs to be willing to get wet if it wants to swim against the dangerous tide of U.S. unilateralism," Zarif was quoted by as saying.

The EU 3 announced INSTEX last month to safeguard trade with Iran, in a move to defy the US sanctions.

His comments came barely a day after US called on the EU to leave the nuclear deal and join in its diplomatic and economic pressure campaign against

"The time has come from our European partners to withdraw from the nuclear deal and join us as we bring the economic and diplomatic pressure necessary to give the Iranian people, the region and the the peace, security and freedom they deserve," The Hill quoted Pence as saying while speaking in the same event on Saturday.

The has been closely watching European efforts to create a financial mechanism and has warned that any attempt to disassemble its "maximum pressure" on Iran will face more penalties.

In May last year, Trump announced that would be withdrawing from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), terming it as "defective" and the "worst ever deal" leading to a spike in tensions between the US and Iran.

In 2015, the deal was inked between five countries- the US, the UK, France, China, Russia, and also the EU. Under the agreement, the US and others agreed to lift sanctions on Iran in exchange for it agreeing to control its development of nuclear weapons programme.

In addition, Trump said the US would reinstate sanctions on Iran that were previously lifted under the JCPOA. Some of the restrictions were re-imposed on August 6 while the remaining penalties were levied on November 5.

imposed the sanctions on Tehran's shipping, financial and and also targeted the of the country.

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

First Published: Mon, February 18 2019. 06:05 IST