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Rhetoric over United States exit from Iran deal rises amid threat of sanctions

Rhetoric over United States exit from Iran deal rises amid threat of sanctions

Iran's foreign minister said on a visit to Moscow yesterday he was seeking "assurances" from the backers of the country's nuclear deal after the U.S. pulled out.

Their meeting will be held in Brussels on Tuesday.

"We have planned contacts with all parties to this deal, except for the United States which announced the withdrawal from the agreement, in the coming days", the Russian foreign minister said, stressing that Moscow and a number of other countries have legitimate interests in the Iranian nuclear deal.

"We reaffirmed together our resolve to continue to implement the nuclear deal in all its parts, in good faith, and in a constructive atmosphere", she said.

Iranian Foreign Minister Javad Zarif has embarked on a diplomatic mission to try to save the Iran nuclear deal. Though India is not a party to the Iran nuclear deal, the recent events and the events, which would be unfolding soon, would have larger implications for India.

"What we are going to do tomorrow in Brussels is we are going to have a conversation about what we can do to help United Kingdom firms, European firms have some confidence that they can still do business", Johnson said.

The US Treasury has said it is giving companies three to six months to wind down their contracts, including purchases of Iranian oil.

The two sides discussed the future of the JCPOA (Joint Comprehensive Plan of Action aka nuclear deal) following the U.S. withdrawal from the deal, Iranian media outlets reported.

The main impact will be on the independent tanker operators, mainly Greek, who carried as much as 50% of the Iranian crude reaching China.

The accord lifted worldwide sanctions on Iran in 2016 in return for Tehran shutting down its capacity, under strict surveillance by the United Nations nuclear watchdog, to stockpile enriched uranium for a possible atomic bomb.

"I would like to point out that Russian Federation and other participants in the deal - China and the European countries - also have their legitimate interests enshrined in this agreement", he added. According to the analyst, European countries may draw Washington's attention to the fact that regardless of USA sanctions China is not going to halt its cooperation with Tehran.

The EU foreign policy chief, Federica Mogherini, has met with Iranian Foreign Minister Mohammad Javad Zarif in Brussels as the Europeans seek to keep the Iran nuclear agreement, AP reported.

European companies are known for making inroads into Iran's auto and aviation industries.

Currently, the U.S.is threatening to undo North Atlantic Treaty Organisation, the World Trade Organization and NAFTA, in a crude attempt to force partner states to do US bidding.

The White House has already began a fresh push to put pressure on Iran and Washington's European allies. In return, economic sanctions were lifted and Iran was able to re-enter the global energy and currency markets.

Trump's decision last week to renege on the 2015 nuclear accord with Iran and re-impose sanctions against Tehran came with the threat of penalties against any foreign firms involved in business there.

This article has been adapted from its original source.

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