U.S. Criticizes Europe Over Wanting to do Business With Iran

Larry Hoffman
September 30, 2018

Iranian President Hassan Rouhani lashed out at Trump in his U.N. address, saying the United States is trying to "overthrow" him and calling US sanctions "economic terrorism".

Further US measures targeting Iran's oil exports are set to be imposed on 5 November.

Leftist Bolivian President Evo Morales bluntly declared that "the United States does not care about human rights or justice". When President Hassan Rouhani's plane hit the tarmac in New York City on Sunday night, that number stood at a whopping 150,000.

Saudi Energy Minister Khalid al-Falih told reporters in Algiers that he does not influence prices.

Iran is also expected to be one the main issues in the address, focusing both on the future of the 2015 Iranian nuclear deal and the impact of U.S. sanctions on its economy.

Allowing transactions with Iran to go through - even as the EU's lending arm, the European Investment Bank, has exposure to the United States making it more hard to act as a financing channel - will help the EU economy and businesses grow more independent from the dollar and the U.S. economy, officials say. "It betrays an inability in understanding a complex and interconnected world", he said.

Addressing the council after Trump, French President Emmanuel Macron hit back, declaring that concerns about Iran can not be tackled with "a policy of sanctions and containment".

"Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a special objective vehicle to facilitate payments related to Iran's exports, including oil, and imports", Mogherini said alongside Zarif.

The crux of the 2015 nuclear deal, negotiated over nearly two years by the administration of former U.S. President Barack Obama, was that Iran would restrain its nuclear program in return for the relaxation of sanctions that had crippled its economy.

Moreover, German Foreign Minister Heiko Maas told reporters there was "strong unity" with Iran on minimizing the impact of U.S. sanctions.

It saw Iran limit its nuclear activities in exchange for sanctions relief.

Iran's Foreign Minister Mohammad Javad Zarif attends a meeting with European Union foreign policy chief Federica Mogherini at the EU Council in Brussels, Belgium, on May 15, 2018.

"The United States is encouraging the West and urging the worldwide community to support [anti-government] protesters in Iran and continue to put pressure on Iran through sanctions", Pregent said.

On North Korea, Mr Trump called for sanctions to be strictly enforced against Pyongyang - a message directed at Russian Federation and China which are pushing for an easing of punitive measures to reward North Korean leader Kim Jong Un.

The impending return of USA sanctions has contributed to a slide in Iran's currency.

Iranian leaders are already talking about a post-Trump US government and what new leadership - not just in the White House but also in the House of Representatives and in the US Senate - might mean for their country's long-term goals.

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