May 21, 2019, 11:24 PM
News Code: 83323157
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EU under huge pressure from US over Iran: French minister

Tehran, May 21, IRNA - European powers are facing huge pressure from the United States to drop its proposed trade channel with Iran, French Finance Minister Bruno Le Maire said on Tuesday.

Britain, France and Germany, which signed a 2015 nuclear deal with Iran along with the United States, China and Russia, are determined to show they can compensate for last year’s US withdrawal from the accord, protect trade and still prevent Tehran from developing a nuclear bomb, Reuters reported.

As part of those efforts, it is trying to set up a special trade channel known as INSTEX, that will deal essentially with food and medical trade, but it is struggling to become operational.

“Yes, there is American pressure. It’s strong, very strong and very direct on this subject,” Le Maire told reporters in Paris. “There is pressure on political officials, the administration and all those who are implicated on this subject.”

Tension between Washington and Tehran has escalated this month. The US wants its European allies to fall behind its policy of putting maximum pressure on Iran through sanctions to push it to fresh negotiations on a broader arms control deal.

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