22 Nov 2024
Sputnik- The US announced their exit from the Iran nuclear deal in May, with President Donald Trump criticizing it as "flawed." Other parties to the deal, including European US allies, have confirmed their adherence to its provisions despite the threat of possible US sanctions.

Chinese Foreign Ministry spokeswoman Hua Chunying has announced that China stands firmly againstunilateral sanctions mechanisms and is planning onkeeping trade relations withIran inaccordance withinternational agreements.

"China and Iran unwaveringly maintain normal trade and economic ties. China will continue tocooperate withIran adhering toits international obligations," the spokeswoman said.

She strongly slammed the practice ofimposing sanctions onthe basis ofdomestic legislature and assured that Beijing would protect the implementation ofthe Iran deal provisions.

US President Donald Trump announced onMay 8 that the US would withdraw fromthe Joint Comprehensive Plan ofAction (JCPOA), an international agreement reached in2015 byIran, the United States, Russia, France, China, the UK, Germany and the EU. The deal was designed toprevent Iran fromacquiring nuclear weapons and toensure the peaceful nature ofits nuclear program, lifting economic sanctions againstthe country inreturn.

Trump has consistently been a harsh opponent ofthe Iran deal, calling it "defective atits core." He demanded to "fix" it, threatening towithdraw the US fromthe deal and tore-impose economic sanctions. French President Emmanuel Macron and German Chancellor Angela Merkel attempted toconvince Trump tostick tothe deal, butthese efforts ultimately failed.

The re-imposed US sanctions will affect any company doing business withTehran, putting European, Chinese and Russian firms atrisk. European nations are currently considering options tocounter possible US sanctions againsttheir companies, such asimplementing the "blocking statute" from1996. They have also reaffirmed their commitment tothe provisions ofthe Iran deal.
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