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Iran threatens to pull out of nuclear deal

Iran threatens to pull out of nuclear deal

On January 12, President Trump issued a statement on the nuclear deal in which he announced 14 new sanctions against Iran.

Iran may withdraw from the deal that restricts its nuclear program if it leads to economic struggles and continued difficulty in securing investments from major banks, Reuters reported Thursday.

The IAEA has asked Tehran for further details.

Tehran had yet to respond, according to the report.

For his part, German ambassador Michael Klor-Berchtold highlighted the growing activities of German companies in Iran, saying some of these companies didn't leave Iran even under the global sanctions over its nuclear program. "The nuclear deal is about security, other issues should be dealt with separately".

However, under the JCPOA, the monitoring of Iranian nuclear activities by the International Atomic Energy Agency (IAEA) will technically not expire.

"Everything in the letter only refers to the future". "Because if backroom diplomacy does not bear fruit, then eventually, you go to the megaphones, and you conduct megaphone diplomacy", said Marashi. At low purities it can be used for peaceful applications such as power generation - Iran's stated aim. Can Iran just walk away if the Europeans want to stick with the deal?

It removed and rendered inoperable the core of the Arak reactor, which could in theory have produced weapons-grade plutonium, before the accord entered into force.

According to United Nations inspectors, Iran continues to be in compliance with that condition. He blamed President Trump's repeated threats to kill off the agreement and his warnings to other countries not to deal with Iran.

The weaknesses needing to be addressed include: demanding that Iran open up its military sites for inspection, demanding an end to its missile development program, an end to the sunset clauses that allow Iran to develop an industrial strength enrichment program, and punishing Iran for its terror support and human rights abuses. To make these restrictions permanent means killing the deal.

Rouhani was alluding to the lack of economic benefit to Iran from the deal because many companies including big Western banks continue to shun the country for fear of breaching separate USA financial sanctions that stayed in place after other sanctions were rescinded.

While the extent of the difficulties faced by Iranians with foreign banks is now unclear, Djavad Salehi-Isfahani, professor of economics at Virginia Tech University told ThinkProgress that banks facilitate both trade and foreign investment - two things that Iran needs to maintain the growth it has achieved in the past two years.

While giving a speech at Chatham House on Thursday Iranian Deputy Foreign Minister Abbas Araqchi spoke about the Joint Comprehensive Plan of Action (JCPOA) better known as the Iran nuclear deal.

But will Iran pull the trigger and leave the JCPOA? At the same time as dealing with these sanctions, Iran is dealing with anti-money laundering regulations (it was ranked as the worst country in the world on money laundering in 2016).


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