0
0
0

MFA Incorporated 201 Ray Young Drive Columbia, MO 65201 573-874-5111

CLICK HERE TO find an MFA Agri Services Location

 
 

 
Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
 
 
EU Works to Keep Iran Nuclear Deal     11/11 06:47

   European Union foreign ministers on Monday debated ways to keep the Iran 
nuclear deal intact after the Islamic Republic began enrichment work at its 
Fordo site in a fresh act of defiance that seems likely to spell the end of the 
painstakingly crafted international agreement.

   BRUSSELS (AP) -- European Union foreign ministers on Monday debated ways to 
keep the Iran nuclear deal intact after the Islamic Republic began enrichment 
work at its Fordo site in a fresh act of defiance that seems likely to spell 
the end of the painstakingly crafted international agreement.

   At talks in Brussels, the EU powers that signed the 2015 Iran nuclear deal 
-- Britain, France and Germany -- were expected to signal what action should be 
taken as the bloc awaits a new report from the International Atomic Energy 
Agency later Monday on whether Iran is still complying with its commitments.

   "We want to preserve the (deal), but Iran must finally return to its 
commitments and comply with them, otherwise we will reserve the right to use 
all mechanisms that are set out in the agreement," said German Foreign Minister 
Heiko Maas.

   The EU sees the nuclear pact as a key component of regional and global 
security and has struggled to stop the nuclear deal from unraveling since 
President Donald Trump unilaterally pulled the United States out of it over a 
year ago, triggering debilitating economic sanctions against Iran.

   "It's a great agreement and we need to keep it alive," Slovakia's foreign 
minister, Miroslav Lajcak, told reporters. But it remains unclear what more the 
EU can do as Iran's economy buckles under the weight of the sanctions, apart 
from renewing its appeals for restraint and dialogue.

   The Europeans have poured a lot of cash and credibility into ensuring the 
Iran nuclear deal stays afloat. A safeguard was built to keep money flowing to 
Tehran, but it has not been effective. A system is in place to protect European 
companies doing business in Iran from U.S. sanctions, even though many remain 
reluctant because they fear being shut out of the more lucrative American 
market if they do.

   One option could be to trigger the dispute mechanism in the agreement, which 
would open a window of up to 30 days to resolve the problem. Some are even 
calling on the Europeans to impose their own sanctions on Iran.

   "Sanctions, sanctions, sanctions. We're not going to solve the problem like 
that," said Luxembourg Foreign Minister Jean Asselborn. "Right now, we should 
wait for the report from the IAEA to see where we stand."

   Dutch Foreign Minister Stef Blok said he was "very worried about Iran's 
behavior," after uranium gas was injected into centrifuges at Fordo last 
Thursday to produce low-enriched uranium to fuel nuclear power plants. Under 
the deal, Tehran was not supposed to do this at the site until 2030.

   However, the Europeans are hardly surprised by Iran's actions. They believe 
the writing has been on the wall ever since Trump withdrew from the nuclear 
agreement last year, claiming that it does not to stop Tehran from developing 
missiles or undermining stability in the Gulf region.

   "Sadly, it's a degradation that was to be expected," Asselborn said. 


(KR)

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN