Thursday, 23 May, 2019

Difficult to shield German firms after US withdrawal from Iran deal - minister

US President Donald Trump has threatened to pull his country out of the Iran deal US President Donald Trump has threatened to pull his country out of the Iran deal
Deanna Wagner | 15 May, 2018, 22:21

While announcing his exit decision, Trump said the United States will impose "the highest level" of economic sanctions on Tehran, adding "any nation that helps Iran in its quest for nuclear weapons could also be strongly sanctioned by the United States".

Iran has been in discussions with countries involved in the 2015 agreement in an attempt to save the deal after the U.S. withdrawal.

In the past week, it has slapped a new series of sanctions against Iran.

Among them is the possible use of an EU "blocking regulation" which would, in essence, ban European companies from respecting American sanctions where those sanctions might damage EU interests, notably trade and the movement of capital. "This is why we need to cooperate in protecting our legitimate interests".

German exports to Iran totalled almost 3 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. Imports totalled $6.8 million, with dates contributing over half.

Iran's foreign minister is visiting China for talks following President Donald Trump's decision to scrap USA participation in the agreement over Iran's nuclear program.

White House national security adviser John Bolton says "regime change" in Iran is not now part of the administration's policy, despite his past suggestions that the United States should push for a new government in Tehran.

Bolton struck a hawkish tone with his comments in an interview with CNN's "State of the Union" program.

China offered to hold strategic talks with Iran but did not disclose whether Beijing might scale back imports in light of renewed US sanctions.

'It depends on the conduct of other governments, ' he stated.

"We could have pushed the Europeans a lot harder, to work with us, " Gates said on "Face the Nation".

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After a momentum-saving up-and-down par on 6, Tiger hit another wedge inside 10 feet on 7 and dropped that to reach five under. Woods sounded impressed by what he saw out of Hughes, saying, "He's a nice kid and he hit some really quality shots today".

"In the years since the deal was reached, Iran's military budget has grown by nearly 40 percent, while its economy is doing very badly", Trump said during the speech.

Where does New Zealand stand?

Zarif further censured the U.S. under Trump for developing the habit of voicing opposition to global deals and regulations.

Iran's main concern is that renewed USA sanctions will have a far-reaching impact on the willingness of non-American companies and banks to deal with Iran, crippling its trade, oil exports and an already strained economy. "Amid its own economic decline, United States imperialism will stop at nothing in its reckless drive for global domination at the expense of its major rivals". When Israel, India and Pakistan are already in possession of nuclear bombs, what is to prevent Iran from doing the same, irrespective of any temporary stopgap to postpone the inevitable.

"I heard one of the primary industry representatives postulating that it might mean, if nothing else, that it's more hard to increase exports to iran who, of course, used to be a much larger trading partner of New Zealand than they are even now", Mr Parker said.

National security adviser John Bolton with President Trump during an April cabinet meeting at the White House.

Iran's foreign minister departed on a whirlwind diplomatic tour early Sunday as world leaders scramble to salvage something from the wreckage of a landmark nuclear deal in the wake of Washington's withdrawal.

Bolton said in a briefing with reporters immediately after the Tuesday announcement that it would be up to the Treasury Department to determine which affected companies, if any, would get a pass. "He [Trump] makes the decisions, and the advice I give him is between us", Bolton said.

Germany said it will spend the next few months trying to persuade Washington to change its mind.

"In this time, we'll use all possibilities to persuade the USA government to change its behavior", he told ZDF television.