Iran's president says US "cruel" sanctions fail to reach goals

Lester Mason
November 18, 2018

The Trump administration's strategy of maximum pressure on Iran hasn't achieved its intended impact.To fight the oil sanctions, Tehran has found workarounds.

After meeting with Spanish authorities on Friday in Madrid, Abbas Araghchi stressed in remarks to Efe the importance of finding a channel for preserving the security accord that will facilitate continued economic investment.

US Special Envoy for Iran Brian Hook on Thursday warned European banks and companies involved in a European Union special initiative to protect trade with Iran from being at risk of US sanctions.

Despite the withdrawal of the Washington from the Iranian nuclear deal in May and subsequent re-imposition of the USA sanctions on Iran, the other signatories to the deal, namely Britain, China, France, Russia and Germany have announced their commitments to the deal. "If they are being honest and they are looking for regional security, this is not the path".

Under the deal, reached between Iran and the P5+1 group of countries - the United States, Britain, France, Germany, Russia and China - in 2015, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions.

US Secretary of State Mike Pompeo has said the sanctions on Tehran's oil, banking, and transportation sectors are meant to "starve the Iranian regime of the revenue it uses to fund violent and destabilising activities".

Discussion on the JCPOA and ways to preserve trade and economic cooperation between Iran and Italy in the face of U.S. sanctions are part of the topics reviewed during his one-day visit to Italy, Fars News Agency (FNA), a website affiliated with the Islamic Revolution Guards Corps (IRGC) reported.

That is an "essential principle of global relations", Araghchi said, adding that "it's very unfortunate and unimaginable".

US National Security Adviser John Bolton vowed Tuesday to "squeeze" Iran, saying: "We think the government is under real pressure and it's our intention to squeeze them very hard. We are also going to significantly increase the enforcement of sanctions".

Other reports by Iphone Fresh

Discuss This Article