EU rejects Iran's two-month ultimatum on nuclear deal
Source: The Guardian
The European Union and the foreign ministers of Germany, France and Britain have said they are still committed to the Iran nuclear deal but would not accept ultimatums after Iran announced it was scaling back curbs to its nuclear programme.
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The Iranian president, Hassan Rouhani, said in a televised address on Wednesday that signatories to the deal had 60 days to come up with a plan to shield his country, which has been labouring under economic hardship from the sanctions imposed by the US president, Donald Trump.
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The bloc said it planned to push ahead with “the operationalisation of the special purpose vehicle ‘Instex’”.
It has also introduced a “blocking statute”, protecting European companies from the effects of US sanctions, but many international corporations do more business in the US than in Iran and have already severed ties there rather than risk running afoul of Washington.
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Read more: https://www.theguardian.com/world/2019/may/09/eu-rejects-iran-two-month-ultimatum-on-nuclear-deal