Iran may withdraw from nuclear deal if gets no benefits: Abbas Araqchi

Feb 23, 2018, 04:24
Iran may withdraw from nuclear deal if gets no benefits: Abbas Araqchi

Trump said Iran should curb its ballistic missile programme and allow inspections of its military facilities, demands that are not listed in the nuclear deal. "The indirect indication is that (actual designs) don't exist", the diplomat said.

In an about-face, Iran on Thursday indicated that it is willing to walk away from the 2015 nuclear deal if major banks continue to stay away from doing business with Iran, for fear of violating US sanctions that remain in place.

Iran may withdraw from the deal that restricts its nuclear program if it leads to economic struggles and continued difficulty in securing investments from major banks, Reuters reported Thursday.

Iran will withdraw from the landmark 2015 nuclear deal if there is no economic benefit from it and major banks continue to fail to do business with the Islamic Republic, Iranian Deputy Foreign Minister Abbas Araqchi said on Thursday.

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US President Donald Trump speaks about the Iran deal from the Diplomatic Reception room of the White House in Washington, DC, on October 13, 2017. He added that losing the deal would mean the world would face "another nuclear crisis". Can Iran just walk away if the Europeans want to stick with the deal?

"As far as Iran is concerned, JCPOA is not a successful story", he said.

A U.S. exit could kill the nuclear deal, which the Islamic Republic has refused to re-negotiate.

Following the deal, Iran has gradually opened its country to foreign investment and welcomed more foreign visitors, injecting billions of dollars into its ailing economy. At the same time as dealing with these sanctions, Iran is dealing with anti-money laundering regulations (it was ranked as the worst country in the world on money laundering in 2016).

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"If we lose JCPOA, we would face another nuclear crisis, which would be very hard to be resolved this time", he said. Iran and its negotiating partners agreed under the deal that if the agreement is fully implemented by all sides, Tehran will in eight years ratify the Additional Protocol at its Parliament.

"Fourth, the legislation must explicitly state in United States law-for the first time-that long-range missile and nuclear weapons programs are inseparable, and that Iran's development and testing of missiles should be subject to severe sanctions".

Second, it must ensure that Iran never even comes close to possessing a nuclear weapon. In addition, the inspectors determined that Tehran did not enrich uranium beyond the 3.67-percent purity limit.

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