Baku, Azerbaijan, Sept. 2
By Elnur Baghishov - Trend:
Iran's oil should be purchased and the money made from it be returned to the country, Iranian government spokesman Ali Rabiei said at a press conference, Trend reports referring to IRINN.
According to him, the fulfillment of the commitments of the European signatories under the Joint Comprehensive Plan of Action (JCPOA) is currently being looked into.
He added that the Iranian Deputy Foreign Minister Abbas Araghchi is headed to Paris with officials from the Iranian Petroleum Ministry and the Central Bank of Iran (CBI).
"In case the European side will implement its commitments as per the Joint Comprehensive Plan of Action, Iran will return to fulfilling its commitments," he said.
In January 2016, the JCPOA was implemented between Iran and the P5+1 group (the US, Russia, China, UK, France and Germany) in connection with Iran's nuclear program. In May 2018, the US announced its withdrawal from the deal and imposed sanctions against Iran in November of the same year. In order to preserve the agreements reached as part of the JCPOA, the European signatories of the deal stated in January 2019 that a financial mechanism for maintaining trade with Iran called INSTEX was formed.
On May 8, 2019, Iran announced that it had ceased fulfilling its commitments regarding the sale of over 300 kilograms of uranium, as stated in the deal, basing its decision on the other signatories having not fulfilled their obligations. On July 7, Iran announced that it will not be fulfilling its commitments regarding the enrichment of uranium at 3.67 percent and the reconstruction of the Arak Heavy Water Reactor Facility as stated in the deal.
The 60-day deadline given by Iran to European countries involved ends on September 7 this year.