The Iranian economy, which had suffered years of international sanctions prior to the nuclear agreement, feared now hardship in the face of U.S. new sanctions targeting Iran's automotive, precious metal, shipping, financial and energy sectors.
The U.S. administration also scared international companies off any engagements with Iran, otherwise they might be subject to the perils of U.S. punishments.
Pursuant to the U.S. sanction pressures, Iran's economy experienced rise of inflation, unemployment issues as well as significant depreciation of local currency over the past months.
Iranian President Hassan Rouhani on Tuesday acknowledged that the U.S. pressures would have adverse impact on the development of the country as well as the livelihood of the people.
In order to avoid detrimental consequences of "violation" of the deal, Iran has urged the remaining parties to the agreement, including Britain, China, France, Russia, and Germany, to ensure that Iran would still benefit from the economic interests enshrined under the JCPOA.
Presently, efforts, particularly by the European sides, are underway to devise a special purpose vehicle (SPV), an entity intended to help Iran blunt the impact of U.S. secondary sanctions on the international companies which might trade with Iran.
However, the Europeans have thus far found it difficult to respond positively to the Iranian demands.
In addition, Iran is developing its own mechanisms to bypass the impact of the sanctions. The National Iranian Oil Company (NIOC) has started to offer oil sales to the private sector in the stock market to evade the adverse impacts on the decrease in Iran's oil exports.
【国际英语资讯:Spotlight: Fate of diplomacy at stake after U.S. withdrawal from Iranian nuclear deal】相关文章:
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