Iran urges Europe to take practical measures in energy, banking sectors

TEHRAN, Iranian Deputy Foreign Minister for Political Affairs Abbas Araqchi stressed the importance of Europe adopting practical approaches to cooperation with Iran in the areas of oil, gas and banking.

During his meeting with Richard Moore, the Director General for Political Affairs at the UK Foreign and Commonwealth Office, Araqchi emphasized the importance of P4+1 commitments stipulated in four statements of the JCPOA joint commission after US withdrawal from Iran nuclear deal.

He urged Europe not to undermine Iran’s determination for reducing its commitments gradually, according to IRNA news agency.

Iran has shown enough self-restraint, but Europe has not taken advantage of its opportunities, he noted. Meanwhile, Moore underlined UK’s commitments under the Joint Comprehensive Plan of Action (JCPOA) and its efforts for implementing the Instrument in Support of Trade Exchanges (INSTEX).

He noted that the UK will continue its efforts to fulfill Iran demands.

Earlier the UK diplomatic mission in a message referred to Moore’s visit to Tehran, saying, “Important visit to Tehran today, by the UK Political Director.” “The UK will support the JCPOA, as long as Iran meets its nuclear commitments in full. Useful discussions on regional security, Yemen, Afghanistan, and bilateral issues,” he said INSTEX was adopted by foreign ministers of the European trio on the sidelines of a European Union summit in the Romanian capital Bucharest on January 1.

INSTEX has been registered at the address of France’s Economy and Finance Ministry in Paris. German banker Per Fischer has been chosen for a period of six months to run it.

Iranian Foreign Minister Mohammad Javad Zarif had earlier in a message to US bullying toward the world, saying the European Union should uphold obligations, including normalization of economic relations.

“EU statement today is why JCPOA is where it is: the US has bullied Europe-and rest of world – for a year and the EU can only express “regret”, Zarif wrote in his Twitter account on Thursday.

“Instead of demanding that Iran unilaterally abide by a multilateral accord, EU should uphold obligations – including normalization of economic ties,” he added. Yesterday, the EU Foreign Policy chief Federica Mogherini together with foreign ministers of France, Germany and the UK issued a joint statement, expressing full support for the JCPOA.

“We remain fully committed to the preservation and full implementation of the JCPOA, a key achievement of the global nuclear non-proliferation architecture, which is in the security interest of all,” according to the statement which came a day after Iranian President Hassan Rouhani announced halt to some of Iran’s commitments under the deal.

Source: Kuwait News Agency