News / Politics

No foreign power can make decisions on legitimate EU-Iran trade ties: Mogherini

Wednesday, 02 January 2019 9:49 AM [ Last Update: Wednesday, 02 January 2019 7:15 PM ]

European Union foreign policy chief Federica Mogherini (Photo by AFP)

European Union foreign policy chief Federica Mogherini says the bloc will not allow any foreign meddling - even from its closest ally - in its legitimate trade ties with other countries amid US attempts to kill Europe's business relations with Iran following its withdrawal from a multilateral nuclear deal.

In a recent interview with the Saudi-based Arab News daily, Mogherini stressed the EU's resolve to save the Joint Comprehensive Plan of Action (JCPOA) despite the United States’ unilateral withdrawal from the 2015 Iran nuclear deal.

“We are working, as a union of 28 member states and with the rest of the international community, to preserve a nuclear agreement that has so far been implemented in full, as certified by the International Atomic Energy Agency in 13 consecutive reports. We do this because of our collective security,” she said.

The top EU diplomat also defended the JCPOA, saying that the accord “is delivering precisely on that purpose.”

“Part of this work requires us to guarantee that firms wanting to do legitimate business with Iran are allowed to do so. This is what we are working on right now: tools that will assist, protect, and reassure economic actors pursuing legitimate business with Iran,” she added.

PressTV-Iran, EU reaffirm resolve to protect nuclear deal

Iran and the European Union once again stress their commitment to the 2015 nuclear deal despite the unilateral US withdrawal from the international accord.

Mogherini further emphasized that the bloc will not accept any foreign interference in its trade relations with other countries.

“It is true that this situation has triggered a conversation on European economic sovereignty. We Europeans cannot accept that a foreign power —even our closest friend and ally—makes decisions over our legitimate trade with another country,” she said in remarks targeted at the US pressure on Europe to cuts its trade dealings with Iran.

She also rejected speculation that economic or trade considerations were what motivated the EU to keep the multilateral agreement in place.

“That is not the case: we do this to prevent a nuclear non-proliferation agreement that is working from being dismantled, and to prevent a major security crisis in the Middle East,” Mogherini said.

Last May, US President Donald Trump withdrew from the JCPOA in defiance of international objections.

Since then, Washington has unleashed its “toughest ever” sanctions against Iran. It has also warned of severe penalties for companies that evade the bans and engage in business dealings with Iran.

The EU, however, has been working to set up the so-called Special Purpose Vehicle (SPV), a payment mechanism aimed at facilitating business with Iran irrespective of the US bans.

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