Iran piles pressure on EU to salvage nuclear deal

Authorities in Iran are about now putting pressure on the European Union (EU) to immediately come up with a package of economic measures by May 31 as Tehran moves to quickly offset U.S. pullout from its nuclear deal.

“For the time being we are negotiating… to see if they can provide us with a package which can actually give Iran the benefits of sanctions-lifting and then the next step is to find guarantees for that package,” Iran’s Deputy Foreign Minister Abbas Araqchi told reporters after the meeting.

Reports say Tehran expects those measure to include banning EU-based firms from complying with the reimposed U.S. sanctions, urging governments to make transfers to Iran’s central bank to avoid fines and creating alternative financing channels.

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“We expect the (economic) package to be given to us by the end of May,” a senior Iranian official said earlier, adding that Tehran was “weeks” away from deciding whether to quit the pact.

Days ago, Iran rejected a series of new requirements laid out by US Secretary of State Mike Pompeo for a new nuclear treaty with the Asian country.

Speaking in Tehran, the Iranian capital, President Hassan Rouhani rejected US demands dismissing Pompeo’s conditions as ‘sham’ diplomacy.

Rouhani in an interview with Iran’s ILNA news agency said the era of the US making decisions for the rest of the world was “over”.

 

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