Major powers, Iran meet to salvage nuclear deal without US

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European Union Foreign Affairs and Security Policy High Representative Federica Mogherini is seen at the start of a meeting on Libya hosted by France's Foreign Minister Jean-Yves Le Drian on the sidelines of the UN General Assembly in New York on September 24, 2018. (AFP)
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European Union High Representative for Foreign Affairs and Security Policy Federica Mogherini arrives at a European Union leaders summit in Brussels, Belgium, March 22, 2018. (REUTERS)
Updated 25 September 2018
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Major powers, Iran meet to salvage nuclear deal without US

  • Highlighting just how difficult it will be for the Europeans to come up with concrete solutions, French state-owned bank Bpifrance on Monday abandoned its plan to set up a financial mechanism to aid French companies trading with Iran

UNITED NATIONS: Iran has ample reason to stay in the 2015 nuclear deal despite the US withdrawal and the remaining parties on Monday will discuss ways to blunt the effect of impending US sanctions on Tehran, the European Union’s foreign policy chief said.
Speaking before a gathering of senior officials from Britain, China, Germany, Russia and Iran, the EU’s Federica Mogherini made the case for Iran remaining in the deal that US President Donald Trump abandoned on May 8.
“An essential part of the agreement and its implementation regards Iran having the possibility of benefiting from the lifting of sanctions, and this is exactly why we are discussing tonight, operational concrete steps that we can put in place,” Mogherini told reporters before the talks at the United Nations.
“Iran has good arguments and good reasons to remain in the agreement. ... the more operational decisions we will manage to take and ... implement, I believe the more Iran will have reasons to do,” she added.
The European Union, however, has so far failed to devise a workable legal framework to shield its companies from US sanctions that go into effect in November and that, among other things, seek to choke off Iran’s oil sales, diplomats said.
Highlighting just how difficult it will be for the Europeans to come up with concrete solutions, French state-owned bank Bpifrance on Monday abandoned its plan to set up a financial mechanism to aid French companies trading with Iran.
The crux of the deal, negotiated over almost two years by the administration of former US President Barack Obama, was that Iran would restrain its nuclear program in return for the relaxation of sanctions that had crippled its economy.
Trump considered it flawed because it did not include curbs on Iran’s ballistic missiles program or its support for proxies in Syria, Yemen, Lebanon and Iraq.
The United States began reimposing economic sanctions this summer and the most draconian measures, which seek to force Iran’s major customers to stop buying its oil, resume Nov. 5.
Their impending return has contributed to a slide in Iran’s currency. The rial has lost about two-thirds of its value this year, hitting a record low against the US dollar this month.
There are limits to what the EU can do to counter the oil sanctions, under which Washington can cut off from the US financial system any bank that facilitates an oil transaction with Iran.


Polish parliament honors slain Gdansk mayor with prayer

Updated 16 January 2019
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Polish parliament honors slain Gdansk mayor with prayer

  • The attacker stabbed the mayor three times, in the heart and the abdomen
  • The stabbing happened while the mayor was onstage during a fundraising event

WARSAW: Polish lawmakers have paid respects to the popular mayor of Gdansk, who died after being stabbed by an ex-convict with a grudge.
Parliament members stood Wednesday for a minute of silence and prayed for Pawel Adamowicz, who died on Monday after being stabbed while onstage at a fundraising event the evening before.
Grzegorz Schetyna, the head of the opposition Civic Platform party, remembered Adamowicz as a courageous man who had devoted his life to his city, and blamed “insane hatred” for his killing.
The assailant stabbed Adamowicz three times in the heart and abdomen and told the crowd it was revenge against Civic Platform, which was in power when he was imprisoned for bank robberies. Adamowicz was a longtime member of the party but left it in 2015.