Published: Fri, August 10, 2018
Finance | By Kristine Clayton

Trump Re-imposes Sanctions on Iran

Trump Re-imposes Sanctions on Iran

The visit coincided with the United States reimposing sanctions on Iran after President Donald Trump abandoned a 2015 multilateral nuclear deal in May.

Guenther Oettinger, German Christian Democratic Union (CDU) politician and EU commissioner, said that Germany's savings banks and credit unions could become a potential solution for companies to continue to do business with the Middle Eastern country and bypass USA sanctions.

Iran's envoy at the United Nations Gholamali Khoshroo said in an report published by The Guardian that the USA is making history not just by violating a United Nations Security Council resolution it voted for three years ago, but also by penalizing countries who stick to the same unanimous resolution, according to Khoshroo.

Beijing has close economic and diplomatic ties with Tehran.

Among those that have suspended plans to invest in Iran are France's oil major Total, its big carmakers PSA and Renault, and their German rival Daimler. The Massachusetts-based company predicted back in May that the USA withdrawal from the nuclear agreement would provoke a cyber response from the Iranian government within two to four months.

North Korea and Iran have maintained positive relations over the past decades.

Heiko Maas said ongoing unrest in Iran - worsened by the sanctions imposed on Monday - could 'boost radical and fundamentalist forces'.

Days later, Iran hit back with a response from Maj.

As many as 12 projects in Iran's petroleum sector have been presented to Russia's Gazprom, Rosneft, Gazprom Neft, Zarubezhneft, Taftneft and Lukoil for development.

More sanctions targeting Iran's oil and gas industry are due to begin in November.

Thousands of Iranians have rallied in recent days to protest mounting unemployment and a dramatic drop in the currency, blaming the regime-not the United States-for months of economic turmoil, a Politico reporter said Wednesday.

By strengthening relations with Iran, which is at odds with the US, Pyongyang is sending a message to Washington that it will not give in to the US pressure campaign, experts noted.

Russian Federation called on the global community to save the 2015 nuclear deal with Iran and "not to allow such significant achievements in multilateral diplomacy to be sacrificed in the name of American aspirations to settle political scores with Iran".

Most Iranians see USA hostility as a basic fact of life, so their frustration is largely directed at their own leaders for not handling the situation better. They had also proposed setting up accounts for the Central Bank of Iran in their national banks, he added.

"The nation is begging while the master lives like God", a crowd in Iran chanted, according to The Wall Street Journal, which reported that the current unrest is the most severe it had seen since January, when mass demonstrations against the rule of Ayatollah Ali Khamenei were held.

British Foreign Office Minister Alastair Burt said that the "Americans have really not got this right".

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 United States exit "it might even be easier for us on the economic front, because we won't have any limits on economic cooperation with Iran".

"Imagine the unlikely option of negotiating now, how can the United States be trusted that, after reaching an agreement, they will remain committed to their very own agreement?" Zarif told state broadcaster IRINN.

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