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European Union announces legal entity to maintain business with Iran

30 September 2018

In this photo released by official website of the office of the Iranian Presidency, President Hassan Rouhani speaks at Mehrabad airport, in Tehran, Iran, Thursday, Sept. 27, 2018, on arrival from NY after attending the United Nations General Assembly.

Only US President Donald Trump, who chaired the session, spoke against the deal known as the JCPOA and appeared isolated as a result, Rouhani said.

The Iran nuclear deal - known officially as the Joint Comprehensive Plan of Action - was spearheaded by the previous United States administration. President Trump heard a lot of council members defend the Iran nuclear deal as he presided over the meeting, which was subdued with members reading written statements and no back-and-forth debate.

Rouhani pointed out that the leaders had told him that the USA had waited for Iran's withdrawal from the JCPOA in order to push ahead with its own agenda.

The next round of sanctions will take effect in early November. "Perhaps on this path we will sustain certain pressures, but certainly the United States will not reach its objective".

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"This is one of the most counterproductive measures imaginable for regional and global peace and security", he said.

President Donald Trump used his annual address to the General Assembly on Tuesday to denounce Iran as a "corrupt dictatorship" whose leaders "sow chaos, death and destruction", and told the UN Security Council on Wednesday that Washington was pursuing further sanctions against the Islamic Republic.

The national security advisor reaffirmed the USA stance that it expects Iranian oil customers to have cut their imports of oil from Tehran to zero by November 4, and urged banking and financial services to rethink deals with Iran.

German Foreign Minister Heiko Maas told reporters there was "strong unity" with Iran on minimising the impact of United States sanctions.

US Secretary of State Mike Pompeo speaks at an anti-Iran summit in NY on September 25, 2018.

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"Reactions to new USA unilateral sanctions in November, however, will show whether they can stand the proof".

Iran is awaiting European guarantees on the sale of Iranian oil and banking relations, Foreign Minister Mohammad Javad Zarif said on Saturday (25 August), according to the Iranian Students' News Agency (ISNA).

Trump asked the Security Council to work with Washington to "ensure the Iranian regime changes its behavior and never acquires a nuclear bomb".

"We are not isolated; America is isolated", he said.

The Trump administration has urged the European Union to abide by US sanctions being reimposed on Iran and has warned that entities who trade with Iran in violation of those restrictions will face secondary USA sanctions.

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Iran has said it is a victim of terrorism rather than a perpetrator.

European Union announces legal entity to maintain business with Iran