Published: Wed, May 16, 2018
Worldwide | By Gretchen Simon

Boris Johnson says companies must remain confident in doing business in Iran

Boris Johnson says companies must remain confident in doing business in Iran

Russian President Vladimir Putin has already spoken with Germany's Angela Merkel and Turkey's Recep Tayyip Erdogan about the efforts, after voicing his "deep concern" over US President's Donald Trump's decision. The withdrawal of the US from the deal does not mean it has ended; however, it is an offense to European Union - one of the closest ally to the former nation.

Rohani is asking the European powers for guarantees that the benefits will continue in the future - something that is possible only if European businesses are able to continue operating in Iran.

So far China, France, Russia, Britain, Germany and Iran remain in the deal; Morgherini claims she has received assurances from the Iranian government that it intends to uphold the deal.

In spite of the United States exit, Britain and Iran on Sunday expressed their commitment to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

In recent days, Tehran's head of diplomacy visited Moscow and Beijing, receiving full support for the nuclear agreement from their respective leaders.

Zarif is further scheduled to conduct a number of global diplomatic meetings to discuss the deal with worldwide leaders.

Following the choice of the White House, which received the applause of Israel and several Arab nations, the Islamic Republic declared that it was ready to resume the enrichment of uranium "on a large scale" and "without any restriction".

Trump shot back, claiming in a tweet on Saturday that Tehran had exploited the lifting of sanctions to bolster its military and increased its defence spending by 40 percent since 2015, when the pact was agreed.

"We are working on finding a practical solution", Mogherini told a news conference.

Describing the agreement - pushed by his predecessor, Barack Obama - as "a disgusting one-sided deal that should never, ever have been made", Trump warned that "any nation that helps Iran in its quest for nuclear weapons could be strongly sanctioned".

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"And I will work closely with the Europeans to try and achieve that".

But European diplomats were despondent.

"Since the signing of the JCPOA (nuclear deal), we have gone from an atmosphere like a gold rush, to one of utter depression", said a Western trade diplomat on condition of anonymity.

"So, the president has to make a decision where America's national interests lie. If the European Union leans towards accommodating the United States, all the progress we have made since 2015 will be lost".

Britain, France and Germany are working to secure measures to protect European countries working in Iran against the danger of USA sanctions.

Since then, however, the USA has relied on diplomacy rather than bombast in handling the North Korean nuclear threat - an approach that has enabled recent progress.

"Officials shouldn't trust France and Britain".

He said he told U.S. Treasury Secretary Steven Mnuchin that if he doesn't exempt the French companies, he should consider a so-called grandfather clause for deals struck in Iran since 2015 or an extension of the 90-day period the Treasury Department has set to wind down operations in Iran.

Divisions in Iran over how it should respond to the U.S. pullout were illustrated as senior cleric Ayatollah Ahmad Khatami told worshippers at Tehran University today that European nations could not be trusted.

Tehran has warned it is preparing to resume "industrial-scale" uranium enrichment "without any restrictions" unless Europe can provide solid guarantees that it can maintain the economic benefits it gained from the nuclear agreement despite the U.S. reimposing sanctions.

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