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EU companies may withdraw from Iran, words of support for nuclear deal not enough – FM Zarif

May 20th, 2018 | by Richard Paul
Business and Finance
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EU companies may withdraw from Iran, words of support for nuclear deal not enough – FM Zarif

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Iranian FM Javad Zarif told the EU energy chief that the bloc must take “practical steps” to strengthen economic ties with Tehran after Washington’s withdrawal from the nuclear deal, saying that “political support” was not enough.

“With the withdrawal of America, [Iran’s] public expectations of the European Union have increased in order to maintain the deal’s gains, and in the current context, the European political support for the accord is not sufficient,” Zarif said as he met Miguel Arias Canete, the EU’s energy commissioner, in Tehran on Sunday, the IRNA news agency reports.

READ MORE: ‘US not economic gendarme of planet’: France suggests EU may compensate firms hit by US sanctions

To provide real support to Tehran, European countries should ramp up economic co-operation and increase investment in the country, Zarif said. While EU member states have expressed their continued commitment to the 2015 nuclear deal, known officially as the Joint Comprehensive Plan of Action (JCPOA), he suggested that ongoing developments signal otherwise.

“The announcement of the possible withdrawal by major European companies from their co-operation with Iran is not consistent with the European Union’s commitment to implementing [the nuclear deal],” Iran’s top diplomat said.

 

Miguel Arias Cañete

@MAC_europa

In Tehran with Iran’s Foreign Minister @JZarif discussing way forward to defend and fully implement the . Committed to protecting EU investments and boosting EU-Iran trade relations.

 

The EU’s energy commissioner said that Washington’s move to withdraw from the JCPOA “has created problems for Europe.” Canete reaffirmed that the EU was committed to implementing and maintaining the agreement, as well as continuing co-operation with Iran.

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