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U.S. threatens to impose more sanctions on Iran
Why is it in news?
- Recently, U.S. threatened to impose more sanctions on Iran “very soon” and warned Europe against doing business with Tehran via a system of non-dollar trade to circumvent U.S. sanctions.
More in news
- Iran’s stand: The Iranian government announced earlier that it was reducing curbs to its nuclear programme with steps that stopped short of violating its 2015 accord with world powers for now, but threatening more action if countries did not shield it from sanctions.
- U.S response to Iran’s stand: U.S said now is the time for the community of nations to strongly condemn Iran’s nuclear misconduct and increase pressure on the regime to comply with U.S. demands.
- Special Purpose Vehicle:(1) U.S. said it would move quickly against any attempt by European countries to undermine Washington’s sanctions pressure on Iran.(2) U.S advised them against using the so-called Special Purpose Vehicle to facilitate non-dollar trade to get around U.S. sanctions.
- European countries case: Washington’s European allies opposed Mr. Trump’s decision to withdraw from the agreement and have failed so far to find ways to blunt the economic impact of new U.S. sanctions, which include an all-out effort to block Iran’s oil exports to starve its economy.
- Russia’s stand: It said that it remained committed to the Iran nuclear deal and denounced “unreasonable pressure” that led Tehran to suspend some of its commitments under the agreement.
- China’s stand: China called on all parties to uphold the nuclear pact. It said, maintaining and implementing the comprehensive agreement is the shared responsibility of all parties.
Source
The Hindu