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Deputy FM: Iran knows how to deal with sanctions

Business Materials 7 November 2018 09:24
China, Russia, and the EU will remain in the Joint Comprehensive Plan of Action (JCPOA)
Deputy FM: Iran knows how to deal with sanctions

Baku, Azerbaijan, Nov. 7

By Elnur Baghishov – Trend:

China, Russia, and the EU will remain in the Joint Comprehensive Plan of Action (JCPOA), Iranian Deputy Foreign Minister Abbas Araghchi said in an interview with Iranian Khabar TV channel.

He said that the EU will implement a special financial mechanism to work with Iran.

Thus, transactions between Iran and Europe will be carried out without the US control, Araghchi said.

He said that many countries have declared to Iran that they expect this mechanism to operate.

Thus, the countries can carry out transactions with Iran through this mechanism, Araghchi said.

He added that this mechanism is very complicated, and there are many technical and legal issues to be solved.

He added that several meetings with experts from the EU, three European countries, China and Russia were held.

The next meeting will be held in Europe with the participation of experts from the Central Bank, Petroleum Ministry, Foreign Ministry and other experts, Araghchi said.

He said that it may take some time for this mechanism to start operating.

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