Blinken backs EU proposal to revive Iran nuclear deal

His comments come as hopes of reviving the 2015 deal fade as Iran continues to breach its commitments under the deal and expand its nuclear programme. The United States withdrew from this agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), in 2018 under former President Donald Trump. Several rounds of indirect talks between the two parties have yet to yield results.

EU foreign policy chief Josep Borrell recently presented a proposal which he described as “the best possible agreement that (he, as the facilitator of the negotiations, considers feasible”, noting that ” After 15 months of intense and constructive negotiations and countless interactions with JCPOA participants and the United States, the space for additional meaningful compromises to reach an agreement has been exhausted.”

“It’s not a perfect deal, but it addresses all the essentials and includes hard-won compromises by all parties,” Borrell wrote in a post on Saturday. “Decisions must be made now to seize this unique opportunity to succeed and to unlock the great potential of a fully implemented agreement. I see no other comprehensive or effective alternative within reach.”

At a press conference at the United Nations on Monday, Blinken noted that “the EU has presented a better proposal based on many, many months of discussions, negotiations, conversations.”

“It’s very consistent with something they came up with in March that we agreed to, which we will be pursuing in March,” Blinken said. “But it remains to be seen whether Iran is willing and able to move forward.”

We continue to believe, as I said this morning, that this would be the best way forward — a return to compliance by both parties with the JCPOA, to ensure that we put Iran’s nuclear program back in a box and let’s avoid any kind of crisis,” he said.

Tehran also said it “stands ready to conclude negotiations at short notice, if the other side is ready to do the same”.

“We shared our proposed ideas, both in substance and in form, to pave the way for a speedy conclusion of the Vienna negotiations which aimed to resolve the complicated and damaging situation caused by the unilateral and illegal withdrawal of the United States. United,” Iranian Deputy Foreign Minister Ali Bagheri Kani said. said on Twitter on Sunday.

“We are working closely with our JCPOA partners, especially the coordinator, to give the United States another chance to show good faith and act responsibly,” he said.

New penalties

Earlier Monday, the Biden administration unveiled a new round of sanctions aimed at “illicit” support for Iran’s oil industry. Blinken said in a written statement that “until Iran is ready to return to full implementation of the JCPOA, we will continue to use our sanctions authorities to target exports of oil, petroleum products and petrochemicals from Iran”.

According to Blinken, Monday’s sanctions target “six entities facilitating illicit transactions related to Iranian oil as well as petroleum and petrochemical products, the Iranian government’s main sources of revenue.”

The two entities sanctioned by the State Department are Pioneer Ship management PTE LTD, “a company that managed a liquefied petroleum gas carrier, for serving as a commercial manager for a ship that carried Iranian petroleum products” and Golden Warrior Shipping , Co.Ltd. , which “has engaged in transactions related to Iranian oil and petroleum products, including the provision of logistical support to Iran’s oil trade”.

“The Department further identifies the vessel Glory Harvest as blocked property of Golden Warrior Shipping Co. Ltd,” Blinken said.

The US Treasury Department has sanctioned “four entities that support the Persian Gulf Petrochemical Industry Commercial Co.”, which is under US sanction and “continues to be involved in the sale of Iranian petroleum and petrochemical products abroad”, said Blinken said.

According to the Treasury Department, Monday’s sanctions build on those handed down in June and July. They are targeting a UAE-based company called Blue Cactus Heavy Equipment and Machinery Spare Parts Trading LLC, as well as Hong Kong and Malaysia-based Farwell Canyon HK Limited, Shekufei International Trading Co., Limited and PZNFR Trading Limited, which have all backed PGPICC, according to the US Treasury.

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