USA move on Iran threatens €143m Irish export trade

Posted May 15, 2018

"It depends on the conduct of other governments".

More than €143 million worth of Irish exports to Iran are under threat from U.S. president Donald Trump's decision to pull out of the global nuclear deal and to reimpose sanctions on the Islamic state.

Bolton also repeated the administration's objection to the sunset provisions in the Iran deal, which President Donald Trump had called "totally unacceptable", reported CNN.

Trump weighed in later Sunday, saying his decision would limit Iran's regional ambitions. Bolton, asked whether the United States might impose sanctions on European companies that continue to do business with Iran, told CNN: "It's possible".

US President Donald Trump said on Tuesday that the United States was withdrawing from a 2015 deal negotiated by the Obama administration.

Despite the U.S. exit, Britain and Iran expressed their commitment to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

The Iran nuclear deal was signed between six countries in 2015 - Iran, US, Britain, Germany, Russia, France and China for lifting economic sanctions on Tehran in exchange for limitations to the country's nuclear programme.

But there's going to be a clash given that the three leaders also say: "Our governments remain committed to ensuring the agreement is upheld, and will work with all the remaining parties to the deal to ensure this remains the case including through ensuring the continuing economic benefits to the Iranian people that are linked to the agreement". For Kim's tyranny to yield, Washington tries to assure him that his ultimate goal is not to overthrow him, Pompeo said.

Germany's minister for economic affairs, Peter Altmaier, said on Sunday that Berlin would try to "persuade the USA government to change its behavior".

"That's what we are going to do and I will be hard at it with the Europeans in the next several days", said the top USA diplomat.

In an interview with ZDF public television, Altmaier noted the United States has set a 90-day deadline for foreign firms to comply with the return of sanctions and that this period can be used to convince Washington to change course. On Saturday, French President Emmanuel Macron told Trump in a telephone call that he was anxious about stability in the Middle East, according to Macron's office. But in an interview aired on the ABC programme "This Week", Bolton said, "That's not the policy of the administration".

New Zealand businesses would suffer if the government gave in to threats from the United States over sanctions on dealings with Iran, Iran's ambassador to New Zealand says.

Trump and Prime Minister Benjamin Netanyahu believe they fueled the argument for a USA withdrawal this week after Israel unveiled a cache of Iran's nuclear-weapons files, obtained in a Mossad raid in Tehran earlier this year.

The exit drew swift criticism from the deal's other signatories, including United States allies in Europe who'd tried for weeks to persuade Trump to remain on board and said they plan to keep their commitment to the deal. "I think that will sink in; we'll see what happens then", Bolton said.