Published: Mon, July 09, 2018
World Media | By Cesar Oliver

World powers back Iran oil exports, remain committed to nuclear deal

World powers back Iran oil exports, remain committed to nuclear deal

Arriving in Vienna, Chinese Foreign Minister Wang Yi said preserving the deal was critical, and that the treaty states would send a "united, determined and strong signal" that they were committed to it despite US President Donald Trump's decision in May to pull out American support.

Ministers from Britain, China, France, Germany and Russian Federation meet their Iranian counterpart in Vienna for the first time since US President Donald Trump left the pact in May, but diplomats see limited scope for salvaging it.

The Friday meeting in Vienna will convene foreign ministers of Iran, France, Germany, Russia, Britain and China for the first time after the USA withdrawal from the agreement.

In another telephone conversation with his French counterpart Emmanuel Macron on Thursday, Rouhani also underlined the need to meet the demands of the Islamic republic by the parties to JCOPA.

Washington has warned other countries to end trade and investment in Iran and stop buying its oil by early November or face punitive measures.

The meeting was chaired by EU High Representative Federica Mogherini and attended at the ministerial level by China, France, Germany, Russia, Britain and Iran.

Iran's economy is already suffering from the sanctions that Washington re-imposed after walking away from the nuclear agreement, and the U.S. has threatened to punish companies from other nations that continue doing business with Iran.

Describing the Friday meeting as important, Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt, and that Tehran still has access to the SWIFT worldwide bank payments messaging system.

Iranians have complained that the hoped-for rise in foreign investment and trade after the deal has not materialised.

Iranian President Hassan Rouhani said Thursday that the proposal package offered by the European Union does not secure Iran's interests in the nuclear deal, noting Tehran would stick to the deal only if Iran's interests are secured by the stake holders, as the United States is re-imposing tough sanctions on Iran.

"We all know that we want to stay in the nuclear deal, and we believe that we should keep talks in a quite atmosphere", she said.

Foreign ministers from the five remaining signatories will discuss the European proposal with Iranian officials in Vienna on Friday.

Since Trump's announcement, Iran's rial currency has fallen, prices have risen and the country has been hit by street protests and strikes.

Six people were arrested in Belgium, France and Germany, while the opposition group blamed the Iranian regime for the alleged plot.

What Iran expects from other signatories to the accord is to consider Iranians' nuclear, political and economic rights addressed in the deal, Zarif told reporters ahead of the meeting.

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