Publishe Date: 10:52 PM - 6/2/2018 | Print

UK companies fond of continuing cooperation with Iran

Economy - The companies interested to work with Iran are waiting for the EU to announce instructions on how to counter US sanctions on Iran in order to continue their commercial ties with the country, said the deputy president of the Iran-UK Chamber of Commerce on Saturday.

'The EU is to issue new instructions as to work with Iran and counter the US extraterritorial sanctions on the EU companies in a few weeks,' said Cyrus Mahdipour.

He also said that the UK government is a supporter of the Joint Comprehensive Plan of Action, though its traditional ally, the US, has unilaterally quit the deal.

The UK companies hope that the European banks will restart their ties with Iran so that they can go on with their commercial tries without any worries, said Mahdipour.

'The companies fond of investing in Iran are actively lobbying about the issue,' he added.

Following the announcement of Trump's decision to leave Iran nuclear deal, all other signatories to the deal said that they will stay in it; and Iran stated that it will stay in the deal if it provides its expected results and interests.

On May 21, US Secretary of State Mike Pompeo announced that Washington's new strategy to counter Iran after its withdrawal from the Iran nuclear deal known as Joint Comprehensive Plan of Action (JCPOA).

He also said that the US is also seeking to exert further financial pressure on Iran in a bid to contain its clout in the region and block its missile and nuclear program.
 

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