Creating new perspectives since 2009

Iran says Vienna meet is 'last chance' to save nuclear deal

June 28, 2019 at 6:28 am

High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini (L) applauds Iranian Foreign Minister Mohammad Javad Zarif during a joint news conference after a plenary session at the UN building in Vienna, Austria 14 July 2015 [Getty]

Iran said Friday’s meeting in Vienna between the remaining signatories of the nuclear deal was the “last chance” to save the accord after the US withdrawal last year and warned Tehran would not accept “artificial” solutions to US sanctions.

Iran is threatening to exceed the maximum amount of enriched uranium allowed it by the deal, in retaliation for crippling US economic sanctions imposed in the past year.

It is just days away from that limit, diplomats say, and going over it could unravel the accord.

Senior officials from Iran and the deal’s remaining parties will meet with the aim of saving the pact. But with European powers limited in their ability to shield Iran’s economy from US sanctions, it is unclear what they can do to provide the large economic windfall Tehran wants.

On Friday, Iran’s Fars news agency quoted foreign ministry spokesman Abbas Mousavi as saying, “I think this meeting can be the last chance for the remaining parties…to gather and see how they can meet their commitments towards Iran.”

READ: US would not dare violate Iranian soil – Guards commander

Mousavi said that despite supporting Iran’s stance in several statements, the remaining signatories – Britain, China, France, Germany and Russia – had failed to take any action.

Fars also quoted Deputy Foreign Minister Abbas Araqchi, who is in Vienna, as saying Iran had run out of “strategic patience”, and adding, “Iran will not tolerate remaining unilaterally committed to the nuclear deal.”

He said he hoped the Vienna meeting could lead to “tangible” action, the agency said.

The European powers have set up a mechanism for barter trade called Instex, in an effort to protect at least some of Iran’s economy from the US sanctions.

Instex would net out amounts at either end but is not yet operational and diplomats have said it will only be able to handle small volumes of items such as medicine, not the large oil sales Iran is seeking.

READ: US lawmakers unveil bill to block funds for war on Iran

“We should see how much money can be transferred via Instex,” Mousavi said. “If it’s an artificial mechanism, Iran will surely not accept it.”

Trade between Germany and Iran has collapsed under the impact of US sanctions, data published by Funke newspapers showed, supporting Iran’s assertion that Europe is failing to help preserve the nuclear non-proliferation deal it signed.

French President Emmanuel Macron said on Thursday he would try to convince US President Donald Trump to suspend some sanctions on Iran to allow for negotiations to help defuse the crisis.