Author

Akash Sikka

Browsing

As reported in our blog post of Tuesday 7 January (see here), the EU Foreign Affairs Council met on Friday 10 January 2020 to discuss recent developments involving Iran and the situation in Iraq. The EU Foreign Ministers assessed the consequences of recent events and emphasised their support for the Joint Comprehensive Plan of Action (“JCPOA”), stating that it was “a key element of the global nuclear non-proliferation architecture.” However, Ministers called for Iran to…

The Iranian government announced on Sunday evening that it will no longer adhere to certain limits agreed under the Joint Comprehensive Plan of Action (“JCPOA”) and will therefore no longer observe limitations on uranium enrichment, stockpiles of enriched uranium or nuclear research and development. Despite this, Iran has stated that it remains open to negotiations with partners in Europe who have sought to help Iran continue trading overseas despite US sanctions (through the INSTEX vehicle,…

The EU has privately warned Iran that it will be forced to begin the process of withdrawing from the JCPOA in November if Iran goes ahead with its threat to take new steps away from the deal. If it does then the EU has stated its next step would be to commence the JCPOA’s dispute resolution mechanism, which can be instigated if a JCPOA participant believes that another participant is not meeting its agreed commitments.…

Following the snap-back of US sanctions on 5 November 2018, Foreign and Finance Ministers from the UK, France, Germany and the EU published a joint statement in which they expressed their “regret” at the re-imposition of sanctions on Iran by the US and also reiterated their “aim to protect European Economic operators engaged with legitimate business with Iran”. These comments suggest that the EU is determined to continue economic relations with Iran and that the…