No fear of US sanctions, the EU statement said it will continue to protect Irans oil exports.

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 No fear of US sanctions, the EU statement said it will continue to protect Irans oil exports.


Overseas Network, Nov. 3 - On Nov. 2, local time, the Trump government announced that sanctions against Iran would be fully restored on Nov. 5, adding more than 700 entities and individuals to the sanctions list. In response, the European Union Foreign Ministry issued a statement on the 2nd, saying that the EU will continue to maintain economic and trade exchanges with Iran and guarantee Iranian oil and gas exports under the circumstances of the full resumption of sanctions imposed by the United States on Iran.

According to the Russian Satellite Network, the EU stated in its joint statement: As a party to the Iranian nuclear agreement, we have the obligation to maintain the effective financial channels established with Iran and to guarantee the continued export of Iranian oil and gas. Reported that despite Irans sanctions, the EU still firmly defends the interests of companies trading with the country.

Earlier, the EU issued a similar statement against the US sanctions against Iraq. In May this year, President Trump announced that the United States would withdraw from the Iranian nuclear agreement and restart the sanctions exempted from the comprehensive agreement on the Iranian nuclear issue. Since then, the United States has imposed sanctions on Iran many times. In August this year, the United States unilaterally restarted severe sanctions against Iran, which involved oil trading, Iranian currency-related transactions, and the purchase of US dollars by the Iranian government. The European Commission issued a statement on August 6, local time, saying that the EU will enact a blocking act to protect EU enterprises operating in Iran from U.S. sanctions. European enterprises will continue to engage in legitimate business in Iran under the protection of the European Union.

Trump announced the withdrawal from the Iran nuclear agreement, source: visual China

On November 2, US Secretary of State Pompeo and Treasury Secretary Mnuchin issued a statement announcing that sanctions on Irans energy and banking sectors would be restarted on November 5. U.S. Secretary of State Pompeo said the latest targets of sanctions will include Irans energy, shipbuilding, transportation and financial industries. The United States will impose sanctions on countries and enterprises that continue to buy Iranian oil and do business with blacklisted Iranian companies starting November 5. It is reported that this is the second batch of sanctions against Iran restarted after the United States announced its withdrawal from the comprehensive agreement on Irans nuclear issue in May this year, when the United States will fully restore the sanctions lifted by the Iranian nuclear agreement.

In response, a spokesman for the Iranian Foreign Ministry said Tuesday that Iran is not worried about the new sanctions imposed by the United States, because the United States will not be able to implement the sanctions against Iran. The spokesman also said that under the sanctions of the United States, Iran has the ability to manage economic affairs well. Iranian Foreign Ministry spokesman Kasimi told state television on the same day, the United States will not be able to take any effective measures against Iran, Iran has the knowledge and ability to manage national economic affairs, he also said, through these sanctions, the United States can achieve its economic goals is very unlikely, nor can it pass through. Sanctions are adopted to achieve their political goals. In addition, in response to the announcement that the United States will exempt eight countries and regions that import oil from Iran, Iranian Deputy Minister of Oil Cardor said that the exemption showed that the oil market needs Iran, and Iran can not withdraw completely. The six countries on Irans nuclear issue signed an agreement with Iran in 2015 to lift sanctions against Iran in exchange for restrictions on Irans nuclear program. But Trump was unhappy with the terms of the Iran nuclear agreement, which he believed was limited to Iran. Although U.N. investigators say Iran has not violated the agreement, senior U.S. officials have repeatedly said that Iran has complied with the agreement from a technical point of view. Source: overseas network editor: Li Hang _BJS4645

In response, a spokesman for the Iranian Foreign Ministry said Tuesday that Iran is not worried about the new sanctions imposed by the United States, because the United States will not be able to implement the sanctions against Iran. The spokesman also said that under the sanctions of the United States, Iran has the ability to manage economic affairs well. Iranian Foreign Ministry spokesman Kasimi told state television on the same day, the United States will not be able to take any effective measures against Iran, Iran has the knowledge and ability to manage national economic affairs, he also said, through these sanctions, the United States can achieve its economic goals is very unlikely, nor can it pass through. Sanctions are adopted to achieve their political goals. In addition, in response to the announcement that the United States will exempt eight countries and regions that import oil from Iran, Iranian Deputy Minister of Oil Cardor said that the exemption showed that the oil market needs Iran, and Iran can not withdraw completely.

The six countries on Irans nuclear issue signed an agreement with Iran in 2015 to lift sanctions against Iran in exchange for restrictions on Irans nuclear program. But Trump was unhappy with the terms of the Iran nuclear agreement, which he believed was limited to Iran. Although U.N. investigators say Iran has not violated the agreement, senior U.S. officials have repeatedly said that Iran has complied with the agreement from a technical point of view.