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Russian Federation vows to continue relations with Iran despite US' sanctions

07 May 2019

The relevant statement is published on the State Department website.

"The lifting of nuclear-related sanctions is an essential part of the JCPoA - it aims at having a positive impact not only on trade and economic relations with Iran, but most importantly on the lives of the Iranian people", they stressed in their statement.

The provisions allowing for civil nuclear cooperation in the deal are meant to reduce the proliferation risks of Tehran's nuclear program. Russian Federation and several European nations help maintain the nuclear facilities and are engaged in converting equipment there for exclusively civilian use. This allows the continuation of work at several Iranian nuclear sites to continue with United States penalties.

The US announced on Friday that it would extend only five of the seven sanction waivers for up to 90 days regarding Iran's civilian nuclear activities but not the other two.

"Under the JCPOA, Iran can produce heavy water... and based on the agreement, we have not carried out anything in violation of it", Larijani said on Saturday. It was also allowed to store excess heavy water produced in the uranium-enrichment process in Oman.

However a 180-day exception was made for eight countries and territories, namely China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey, importing hydrocarbons from Iran to prevent oil price hikes and give some time to search for alternatives. "That is the way the United States has acted for 40 years and, particularly since President Trump came to office, it violated a commitment by another U.S. president, President Obama", Aljazeera quoted Mohammad Javad Zarif, Iran's minister of foreign affairs, as saying.

Fed sees no reason to alter rates
US stocks were set for modest gains. "So ultimately, they will have to begin raising rates again to keep inflation contained". In addition, the resolution of the uncertainty around trade negotiations would be positive for business sentiment, he said.

Washington said the move was aimed at forcing Teheran to end its production of low-enriched uranium, a demand Iran has repeatedly rejected as it says it uses the uranium to help produce electricity. "This is countering sanctions which we do not see as just or legitimate", Zamaninia said.

Apart from that, until now, Iran was allowed to ship low-enriched uranium to Russian Federation before it reaches 300-kilogram limit, which would likely to be hit by the recent U.S. sanctions as well.

In a quarterly report released in February, the International Atomic Energy Agency (IAEA) said Iran continued to comply with the restrictions on its nuclear activities under the JCPOA. "We are determined to pursue efforts, together with other European partners, to enable the continuation of legitimate trade with Iran, including through the operationalization of the special objective vehicle 'INSTEX". Washington is attempting to bring the country's oil exports down to zero by pressuring buyers.

"America will only let go of this game when it realises it can not achieve anything".

"We remain deeply convinced that the JCPoA is key to increasing stability and security in the Middle East region", the statement says.

"Our war today is the war on hope".