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News // Politics

EU urges businesses to keep trading with Iran

08 August 2018 , 14:06Neftegaz.RU363

Wellington, August 8 - Neftegaz.RU. The bloc’s foreign policy chief Federica Mogherini told reporters during her trip to New Zealand, that it is up to Europeans to decide who they want to trade with.

 

«We are doing our best to keep Iran in the deal, to keep Iran benefiting from the economic benefits that the agreement brings to the people of Iran because we believe this is in the security interests of not only our region, but also of the world,» Mogherini said.

 

The United States reimposed stiff economic sanctions on Iran, ratcheting up pressure on Iran despite statements of deep dismay from European allies, 3 months after President Donald Trump pulled the US out of the international accord limiting Iran’s nuclear activities.

 

European allies said they deeply regret the US action. Trump warned that those who don’t wind down their economic ties to Iran risk severe consequences.

 

European ministers said the Iran deal was crucial for Europe’s and the world’s security, and the EU issued a «blocking statute» to protect European businesses from the impact of the sanctions.

 

Mogherini, speaking at a news conference alongside New Zealand foreign minister Winston Peters, said the EU and New Zealand saw the need to maintain the nuclear deal with Iran, notwithstanding the US withdrawal.

 

«We are encouraging small and medium enterprises in particular to increase business with and in Iran as part of something (that) for us is a security priority,» Mogherini said, explaining that trade is an integral part of the nuclear deal.

 

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