MP: EU to Unveil Iran Package Before Nov. 4

Date: 14 October 2018 - 21:36

News ID: ۵۸۵۱۳

TEHRAN (Dispatches) – An Iranian lawmaker said on Sunday a European package of measures to safeguard Iran’s benefits from the 2015 nuclear deal would be announced before November 4, when a new round of U.S. sanctions against Tehran comes into force.
Chairman of the parliament’s nuclear committee Mojtaba Zolnoor said the Europeans have almost reached a conclusion on their measures to "neutralize” the sanctions, Tasnim news agency reported.
Iran and Europe have made decisions on the matter and the packages have been prepared that will be announced before the new U.S. sanctions kick in, he added.
Iranian Deputy Foreign Minister Abbas Araqchi made it clear in September that the Europeans should come up with concrete strategies in order to confront the U.S. before November 4 or see the Islamic Republic decide whether to remain in the 2015 nuclear deal.
Even if not fully in force, at least the framework of the European mechanism for sustained trade with Iran under the fresh round of American sanctions must be defined until November 4 and part of it should be working, Araqchi said.
The European Union said in September that its members would set up a payment system to allow oil companies and businesses to continue trading with Iran in a bid to evade sanctions after the U.S. withdrew from the nuclear agreement between Tehran and world powers.
With the United States and the dollar dominating so much of global trade, the statement said the new mechanism would "facilitate payments related to Iran's exports (including oil) and imports, which will assist and reassure economic operators pursuing legitimate business with Iran."