EU foreign ministers are
set to discuss efforts to keep Iran in line with its nuclear commitments on
Monday.
This is coming on the heels
of Tehran’s plans last week to partially withdraw from a 2015 deal with major
powers.
Iran accepted curbs aimed
at preventing it from building a nuclear bomb, in return for relief from
crippling economic sanctions.
But Washington pulled out
of the pact in 2018 and reimposed punitive measures, hollowing out Tehran’s
benefits.
European powers said they
would “reject any ultimatums,” after Iranian President Hassan Rouhani last week
gave them 60 days to ease the impact of sanctions imposed in the oil and
banking sector in particular.
They reiterated their
commitment to the deal, while urging Iran to refrain from escalatory steps, in
a joint statement by Britain, France and Germany- the three European countries
behind the 2015 accord- and EU chief diplomat Federica Mogherini.
The U.S. announced military
reinforcements in the Middle East late last week.
Tehran and Washington made
clear at the weekend that neither side would back down to defuse the situation.
EU diplomats acknowledge
that their bloc has little room for manoeuvre.
Iranian exports to the bloc
plummeted in the first two months of 2019 compared to the same period in 2018,
according to EU data.
INSTEX, a tool for
companies to do barter trade with Iran while avoiding U.S. sanctions, is
struggling to get off the ground, diplomats say on condition of anonymity.
Other items on the agenda
include Libya, Venezuela and a meeting with ministers from six former Soviet
states, marking 10 years of closer ties.
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