Socio-Economics History Blog

Socio-Economics & History Commentary

Foreign Minister Wang: Beijing Opposes US Anti-Iran Sanctions

  • PressTV Published on Aug 17, 2018
    The Chinese government has once again put its weight behind the 20-15 Iran nuclear deal as an important achievement in terms of multilateralism. Chinese Foreign Minister Wang Yi, in a phone call with his Iranian counterpart Mohammd Javad Zarif, said Beijing values its relations with Tehran and seeks closer mutually-beneficial cooperation. The top Chinese diplomat also rejected the extra-territorial sanctions the U-S imposed on Iran after Washington’s withdrawal from the nuclear deal. Wang said Beijing opposes the wrong practices of unilateral sanctions and long-arm jurisdiction. Zarif, in turn, called for stronger coordination with the remaining parties to the nuclear deal, including China, to properly tackle the new situation concerning the accord.

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August 18, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

Iran: Europe Should Pay Cost to Preserve Nuclear Deal

  • PressTV Published on Aug 16, 2018
    Iran’s foreign minister urges Europe to take practical measures to preserve the 2015 nuclear deal following the US withdrawal from the agreement. Zarif said Europe has had a good performance in declaring its commitments to the agreement known as the JCPOA. The top Iranian diplomat added, the administration of US President Donald Trump is not serious in its offer of talks with Tehran and is part of a psychological warfare. According to Zarif, the US pressure on Iran has led to its own isolation. Trump withdrew from the nuclear deal in May and announced fresh sanctions on Iran.

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August 17, 2018 Posted by | GeoPolitics | , , , | Leave a comment

Official: Russia Considering Any Change to Iran’s Nuclear Deal “Destructive”

  • Official: Russia Considering Any Change to Iran’s Nuclear Deal “Destructive”
    by http://en.farsnews.com/Default.aspx
    TEHRAN (FNA)- Russian Foreign Ministry Spokeswoman Maria Zakharova announced that Moscow will continue to honor its commitments under the landmark 2015 Iran nuclear deal reached with major world powers as long as other countries abide by their obligations.

    “My country would deem any changes to the deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), as destructive that could destabilize the already-volatile Middle East region,” Zakharova said.

    She underlined that Washington’s course at bringing down the Joint Comprehensive Plan of Action on the Iranian nuclear program and restoring full-scale pressure through sanctions is absolutely unconstructive.

    Zakharova underlined that the Trump administration’s measures would entail “long-term deplorable consequences for global nonproliferation of the weapons of mass destruction and will impart a destabilizing impulse to the situation in the Middle East”.

    On Tuesday — when the US reintroduced its bans on Iran — the Russian Foreign Ministry released a statement and criticized the US for violating UN Security Council Resolution 2231 that endorsed the Iran deal.

    “We denounce any unilateral sanctions in circumvention of the UN Security Council decisions, all the more so if they have exterritorial applications and affect the interests of third countries, as is the case with the current US restrictions against Iran,” the statement said.

    Russia has vowed to reinforce its relations with Iran in all sectors now that the US has left the accord and chosen to build up economic pressure on the Islamic Republic.

    Vladimir Yermakov, Director General of the Department for Nonproliferation and Arms Control at Russia’s Foreign Ministry, had said in early May that with the US exit “it might even be easier for us on the economic front, because we won’t have any limits on economic cooperation with Iran.”

    US President Donald Trump announced on May 8 that Washington would no longer remain part of the Joint Comprehensive Plan of Action (JCPOA) and promised to re-impose the highest level of economic sanctions against Iran.

    The sanctions reinstated on Iran on May 8 included boycott of Iran’s crude supplies and bans on transfer of its crude revenues. There is a 180 days interval before these sanctions come into effect. Other US secondary sanctions are reinstated this month.

    After Trump’s declaration, the Iranian government issued a statement, calling the US withdrawal as “unlawful”. The statement underlined Iran’s prerequisites for continuing the deal with the five world powers. These conditions that were reiterated later by Iran’s Supreme Leader Ayatollah Seyed Ali Khamenei later mainly included Iran’s guaranteed crude sales and transfer of its revenues back home.

    Two months later, the other five powers party to the nuclear deal have failed to satisfy Iran. President Hassan Rouhani voiced his disappointment over a recent package of incentives proposed by the European Union countries to Tehran, and said that the Islamic Republic expected a much better, clearer and explicit stance by the EU.

    read more.

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August 11, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment

Iranian FM Hints at EU Trade Guarantees in Face of US Sanctions

  • Iranian FM Hints at EU Trade Guarantees in Face of US Sanctions
    by https://sputniknews.com/
    As the European Union is trying to salvage the Iran nuclear deal and protect the interests of European companies which could suffer as a result of Washington’s sanctions, Tehran wants to make sure that its business ties with Europe will not be hurt after the second round of US sanctions takes effect in November.

    Iran says that chances are high that it will receive the necessary trade and banking guarantees from Europe to keep alive the 2015 nuclear accord which the US has withdrawn from and threatens to break up.

    In an interview with the newspaper Iran Daily on Wednesday, Iran’s Foreign Minister Mohammad Javad Zarif mentioned a list of measures being prepared by Europe to keep the agreement economically meaningful for Tehran and voiced strong optimism that those measures would be effective.

    Faced with a US threat to punish foreign companies that refuse to join Washington’s sanctions and continue doing business with Iran, the EU has activated the so-called “blocking statute” and has been taking other measures to meet Tehran’s demand for practical guarantees that its economic ties with Europe will not suffer as a result of the US sanctions.

    Zarif said that the Europeans “are moving in the right direction,” and that he hoped that most of these measures would be implemented before the arrival of the second round of US sanctions in November.

    When asked if Europe would be able to meet that deadline, Zarif said that given the Europeans’ and other countries’ resistance to the re-imposition of US sanctions, Washington’s withdrawal from the 2015 nuclear agreement would fail to bring about a collapse of the landmark accord.

    Almost immediately after President Donald Trump announced in May that the United States was walking out of the JCPOA, Germany, France and the UK — all of them also parties to the Iran deal — reaffirmed their firm intention to stay in the agreement. Russia and China have also repeatedly defended the deal.

    The first wave of US sanctions targeting Iranian exports, the country’s financial system and its ability to access the global financial system, took effect at midnight on Tuesday.

    A second wave of sanctions targeting Iran’s energy sector is scheduled to come into effect November 4.

    The 2015 nuclear deal, also known as the JCPOA, eased sanctions earlier imposed on Iran in exchange for Tehran curtailing its nuclear weapons program.

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August 9, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Russia Slams US Sanctions Against Iran, Promises to Save Nuclear Deal

  • Russia Slams US Sanctions Against Iran, Promises to Save Nuclear Deal
    by * The United States has reimposed sanctions against Iran, turning its back on the 2015 nuclear deal.
    * Russia remains part of the accord and has said it will protect its economic relationship with Iran.
    * However President Trump has said anyone doing business with Iran won’t be doing business with the United States.

    Russia said Tuesday it will do “everything necessary” to save the 2015 Iran nuclear deal and protect its shared economic interests with Tehran.

    The Iran nuclear deal is an accord between Iran and the U.S., Russia, Britain, Germany, France, China and the European Union. It was an agreement to lift sanctions on Iran in exchange for the country stopping its program to develop more nuclear capability.

    The United States, however, reinstated some sanctions on Iran Tuesday and has said it will expand the punitive measures in the coming weeks to include tougher ones related to oil production.

    The Russian foreign ministry website published a statement Tuesday stating that Moscow is “deeply disappointed by U.S. steps to reimpose its national sanctions against Iran,” before adding, “We will do everything necessary in the interests of preserving and fully implementing the SVPD (Iran nuclear deal).”

    read more.

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August 8, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

E.U. Threatens Firms that Stop Doing Business with Iran Over Trump Sanctions

  • The ‘LUV’ is definitely getting palpable between USA and EU.
  • E.U. Threatens Firms that Stop Doing Business with Iran Over Trump Sanctions
    by F. Brinley Bruton , Andy Eckardt and Carlo Angerer, https://www.nbcnews.com/
    The move aims to signal to Tehran “that Europeans are serious” about trying to salvage the nuclear deal, an aide to the bloc’s foreign policy chief said.

    LONDON — European firms that stop doing business with Iran because of reimposed U.S. sanctions could in turn be sanctioned by the E.U., a special adviser to the 28-country bloc’s top diplomat has warned.

    “If E.U. companies abide by U.S. secondary sanctions they will, in turn, be sanctioned by the E.U.,” Nathalie Tocci, an aide to E.U. foreign policy chief Federica Mogherini, told Britain’s BBC Radio 4 on Monday night.

    She characterized the measures as an attempt to “protect European companies.” Tocci said the move was “necessary in order to signal, diplomatically, to the Iranians that Europeans are serious” about trying to salvage the Iran nuclear deal. Hours earlier, the U.S. announced it was reintroducing sanctions on the Islamic republic.

    The Trump administration’s decision to walk away from the landmark 2015 Iran pact signed by the five permanent members of the U.N. Security Council — the U.S., Russia, France, China and the U.K. — as well as Germany and the European Union, dismayed and angered longtime U.S. allies and vital trading partners.

    German Chancellor Angela Merkel, French President Emmanuel Macron and British Foreign Secretary Boris Johnson traveled to the U.S. aiming to convince President Donald Trump not to ditch the deal, saying it was working and the only way to halt a regional arms race.

    Nevertheless, Trump went ahead and announced on May 8 that the U.S. was withdrawing from what he called the “decaying and rotten” agreement.

    Mogherini told reporters Tuesday that the E.U. was doing its “best to keep Iran in the deal, to keep Iran benefiting from the economic benefits that the agreement brings to the people of Iran.”

    read more.

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August 8, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Rouhani: US Not Trustworthy for Negotiations

August 7, 2018 Posted by | GeoPolitics | , , , | Leave a comment

Iran Sanctions To Be Restored, Following US JCPOA Pullout

  • RT America Published on Aug 6, 2018
    At the stroke of midnight, the first round of new sanctions against Iran will go into effect. This is all part of the United States’ withdrawal from the JCPOA better known as the Iran nuclear deal. RT America’s Manila Chan reports.

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August 7, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

EU to Block US Anti-Iran Sanctions Starting August 7 to Defend Business

  • EU to Block US Anti-Iran Sanctions Starting August 7 to Defend Business
    by https://sputniknews.com/
    EU foreign policy Chief Federica Mogherini noted earlier this month that the bloc intended to step up trade and cooperation with Tehran, despite US sanctions.

    Federica Mogherini and foreign ministers from the UK, France, and Germany said in a statement that their counties would keep “effective financial channels” open with Iran, adding that they “deeply regret” that Washington had withdrawn from the Iranian Nuclear Deal and re-imposed sanctions on Tehran.

    “This is why the European Union’s updated Blocking Statute will enter into force on 7 August to protect EU companies doing legitimate business with Iran from the impact of US extra-territorial sanctions,” the statement reads.

    The statute will forbid European businesses from complying with the US sanctions, nullifying any foreign court rulings against them and allowing them to recover damages from the penalties.

    The European politicians also confirmed their commitment to the Joint Comprehensive Plan of Action (JCPOA), also known as Iranian Nuclear deal.

    “The remaining parties to the JCPOA have committed to work on, inter alia, the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran’s export of oil and gas,” the statement added.

    According to the US Treasury, starting from August 6, the sanctions will be reinstated on the purchase of Iran’s sovereign debt and Iranian rials. The punitive measures will also apply to Iran’s trade in gold and precious metals, sale to and from Iran of aluminum, steel, coal and certain types of software. The restrictions will also extend to Iran’s automotive industry as well as on the purchase of US dollars by the Iranian government.

    Furthermore, the United States is revoking licenses issued for sales of passenger aircraft, despite flagship carrier IranAir having outstanding contracts with French-Italian ATR, American Boeing and Europe’s Airbus. IranAir’s collective order of 200 aircraft, of which only a few have been delivered, is now in jeopardy.

    On May 8, US President Donald Trump announced that Washington was withdrawing from the 2015 Iran nuclear deal and would be reinstating sanctions on Tehran. The decision gave foreign companies grace periods of 90 to 180 days to stop trading with Iran.

https://www.biblegateway.com/passage/?search=Revelation+17%3A16&version=NKJV

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August 6, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Trump Reimposes Sanctions on Iran. Now What?

  • Trump Reimposes Sanctions on Iran. Now What?
    by Ishaan Tharoor, https://www.washingtonpost.com/
    Under the terms of the 2015 nuclear deal between Tehran and world powers, the United States agreed to relax sanctions on Iran. But the Trump administration has now begun to put them back in place, with the first batch to be reimposed Monday. Those sanctions target a range of economic sectors, including automobiles, gold, steel and other key metals. After 90 days, a heftier tranche of sanctions on Iran’s oil industry is set to go back into effect.

    This has all been a fait accompli since May, when President Trump decided to formally renege on American commitments under the nuclear accord
    . The president rejected the assessments of U.N. monitors, who had repeatedly said Iran was in compliance with the terms of a deal that had placed strict curbs on its nuclear activities. He also dismissed the entreaties of numerous European allies, who wanted to preserve what they saw as a successful and hard-won nonproliferation pact.


    Now, European efforts to shield European companies that may still want to do business in Iran — and thereby risk falling afoul of U.S. sanctions — are flagging. The chance that these firms may face “secondary sanctions” from Washington could stoke tensions between the United States and its Western allies; it has already compelled various prominent European energy companies to scale back or fully cut their operations in Iran.

    read more.

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August 6, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

China Willing to Work with All Parties to Safeguard Iran Nuclear Deal

  • CCTV+ Published on Aug 3, 2018
    China is willing to work with all parties to continue safeguarding the Iran nuclear deal, said the visiting Chinese State Councilor and Foreign Minister Wang Yi on Friday in Singapore. http://www.cctvplus.com/news/20180804…

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August 6, 2018 Posted by | GeoPolitics | , , | Leave a comment

China Vows to Safeguard Iranian Nuclear Deal

  • China Vows to Safeguard Iranian Nuclear Deal
    by Daniel J. Graeber, https://www.upi.com/
    The pledge follows a report that Beijing wasn’t bowing to U.S. pressure by cutting back on Iranian oil imports.

    Aug. 3 (UPI) — China, a member of the U.N. Security Council, said Friday it was willing to work to save a nuclear agreement that lets Iranian oil flow through the market.

    Chinese Foreign Minister Wang Yi said during a visit with his Iranian counterpart, Javad Zarif, that Beijing viewed the Joint Comprehensive Plan of Action as a way to secure stability in the Middle East.

    “China always holds the view that JCPOA is a multilateral deal which is verified and approved by the United Nations Security Council and accords the common interests of all parties and the international community, which must be respected and safeguarded so as to maintain the authority of the United Nations, the effectiveness of multilateral deals and the credibility of the international rules,” he was quoted by the official Xinhua News Agency as saying.

    A decision by U.S. President Donald Trump in May to back out of the deal means U.S. sanctions will snap back into place later this month and in November. The Trump administration said it wanted Iran’s oil customers to stop imports by then.

    read more.

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August 4, 2018 Posted by | Economics, GeoPolitics | , , , | 1 Comment

Zarif: Global Consensus on Need to Keep JCPOA – Iran Nuclear Deal

  • PressTV Published on Aug 3, 2018
    Iran’s foreign minister says there is a clear global consensus on the need to preserve the 2015 nuclear deal. Mohammad Javad Zarif made the comment after holding talks with Singapore’s President, as well as the foreign ministers of New Zealand, Australia and Indonesia. The meetings happened on the sidelines of the ASEAN summit. Zarif also met with EU Foreign Policy Chief Federica Mogherini. They discussed how Iran can benefit from the nuclear deal following the U-S withdrawal. In a meeting with his Chinese counterpart, Zarif said China has played a pivotal role in implementing the agreement. Wang Yi said Beijing’s cooperation with Tehran is legal.

https://www.biblegateway.com/passage/?search=Daniel+9%3A27&version=NKJV

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August 4, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment

Russian, Iranian Top Diplomats Discuss Nuclear Deal, Preparations for Caspian Summit

  • Russian, Iranian Top Diplomats Discuss Nuclear Deal, Preparations for Caspian Summit
    by http://tass.com/
    Russian Foreign Minister Sergey Lavrov and his Iranian counterpart Mohammad Javad Zarif held a meeting on August 2

    SINGAPORE, August 2. /TASS/. Russian Foreign Minister Sergey Lavrov and his Iranian counterpart Mohammad Javad Zarif have held a meeting on the sidelines of the Association of Southeast Asian Nations (ASEAN) events in Singapore on Thursday, the Russian Foreign Ministry said in a statement, adding that the two top diplomats discussed the Iran nuclear deal and preparations for the next Caspian summit.

    According to the ministry, the parties “continued to discuss the situation surrounding the Joint Comprehensive Plan of Action (JCPOA) for Iran’s nuclear program, the Syria issue and preparations for the fifth Caspian summit.”

    The Russian and Iranian foreign ministers also touched upon bilateral cooperation, focusing on the implementation of agreements on boosting trade and economic ties.

    Iran nuclear deal issue
    In 2015, Iran and six major powers (five member states of the United Nations Security Council – Russia, the United States, France, the United Kingdom and China – and Germany) agreed on the final Joint Comprehensive Plan of Action (JCPOA), which particularly stipulated the removal of sanctions imposed on Tehran over its nuclear program.

    On May 8, Trump announced Washington’s withdrawal from the Iran nuclear deal. He said that old sanctions on Iran would be restored and new ones would be introduced in case Tehran attempted to pursue its nuclear ambitions.

    In the wake of Trump’s decision, the leaders of Great Britain, Germany and France called on other participants in the deal to continue fulfilling it. Iranian President Hassan Rouhani said that Tehran would not abandon the JCPOA and would continue to comply with its obligations. Russian Foreign Minister Sergey Lavrov said that Washington’s withdrawal from the JCPOA would violate the United Nations Security Council’s resolution. He added that Russia would seek to maintain the agreement despite US plans to resume sanctions against Iran.

    Caspian summit
    The five Caspian states (Russia, Kazakhstan, Azerbaijan, Turkmenistan and Iran) continue working on a convention concerning the legal status of the Caspian Sea, planned to be submitted to the heads of state at their next summit.

    The legal status of the Caspian Sea remains the key issue discussed at the regional countries’ summits.

    The five countries’ leaders held their first meeting in Turkmenistan’s capital of Ashgabat in 2002. The second Caspian summit was held in the Iranian capital of Tehran in 2007, while Azerbaijan’s capital of Baku hosted the third summit in 2010, and Russia’s Astrakhan hosted the fourth summit in 2014.

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August 3, 2018 Posted by | GeoPolitics | , , , , | Leave a comment

Trump Offers Direct Talks with Iran, But is the U.S. Trustworthy?

  • PressTV Published on Jul 31, 2018
    History has proved the United States’ pattern of hostile behavior toward Iran. Should Tehran still see Washington as trustworthy and even consider engaging in talks with the U.S.? What do YOU think?

http://www.foreignpolicy.com/articles/2013/08/25/secret_cia_files_prove_america_helped_saddam_as_he_gassed_iran

Click on image for article.

http://www.guardian.co.uk/world/2002/dec/31/iraq.politics

Click on image for article.

https://www.independent.co.uk/voices/theresa-may-syria-war-uk-chemical-weapons-attack-iran-iraq-thatcher-russia-a8300881.html

Click on image for article.

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August 1, 2018 Posted by | GeoPolitics | , , | Leave a comment