x

Lavrov Calls US Sanctions on Iran ‘Illegitimate’, Slams Pressure on SWIFT

Washington implemented tough unilateral sanctions against the Islamic Republic on Monday following President Trump’s withdrawal from the Iran nuclear deal in May.

Russian Foreign Minister Sergei Lavrov has condemned Washington’s decision to slap Tehran with sanctions, calling the restrictions “absolutely illegitimate” and deeply disappointing, and saying that it was “unacceptable” to hold dialogue in the language of ultimatums.

“As far as the US measures against Iran are concerned, they are absolutely illegitimate,” Lavrov said on Tuesday in Madrid following a meeting with Spanish officials.

“They are being implemented in flagrant violation of the decisions of the UN Security Council, and the way in which these measures are announced and implemented cannot but cause a deep sense of disappointment. We proceed from the idea that the norms of not only international law, but of international dialogue, have not been repealed,” Lavrov stressed.

“Pursuing a policy based on ultimatums and one-sided demands is hardly permissible in our times,” according to the Russian foreign minister.

Commenting on suspected US pressure on international financial messaging system SWIFT, which implied Monday that it would comply with US sanctions against Iranian financial institutions, Lavrov said that such pressure was also illegitimate.

“Within the framework of the participants of the Joint Comprehensive Plan of Action (JCPOA) agreement, mechanisms are being developed which will allow for the continued implementation of the provisions of this document, first of all as regards [nations’] economic ties to Iran without US participation, and this is not a simple matter,” the foreign minister explained. “You can see how, using unacceptable methods, pressure has been placed on the operators of the SWIFT system. But experts are actively engaged in these issues, and they have a sufficiently stable understanding that this is possible and that such measures will be found.”

On Monday, Washington followed through with plans to renew sanctions against Iran following President Trump’s exit from the JCPOA Iran nuclear deal. The tough sanctions target Iran’s energy, banking and sea-based transport sectors, and threaten so-called secondary sanctions against foreign companies and countries doing business with the Islamic Republic.

The Belgium-based SWIFT financial messaging service announced that it would be suspending some Iranian banks’ access to the system, making no mention of US sanctions. Calling the move “regrettable,” SWIFT’s statement said it had taken the step “in the interest of the stability and integrity of the wider global financial system.”

All of the JCPOA’s other signatories, including Iran, Russia, China and several European powers, have made an effort to save the landmark nuclear deal and bypass the US sanctions or otherwise limit their impact. This has included the development of a Special Purpose Vehicle (SPV) on trade. China and India, the largest importers of Iranian crude oil, have resisted US secondary sanctions threats, and have been given exemptions along with five other countries plus Taiwan. (https://sptnkne.ws/jWvZ)

Hot this week

Rivers political crisis: Amagbein urges Tinubu to intervene, settle Wike, Fubara

By Our CorrespondentNiger Delta former freedom fighter, the...

DisCos push back as FG insists prepaid meters must be free

Electricity distribution companies (DisCos) have raised concerns over the...

Bandits attack Kaduna community, kill 4, kidnapped 13.

By Achadu Gabriel, KadunaYarkasuwa Saminaka, a Christian dominated...

Otti Partners FG to Fast-Track Completion of Federal Road Projects in Abia

Abia State Governor, Alex Otti, has intensified collaboration with...

Doctor says I have only weeks left to live — Singer Ray J

American singer and reality television personality Ray J says...

Sudden Death at Abuja Mosque Raises Cardiac Arrest Concerns

By Sam AgogoShock and grief gripped worshippers in Abuja...

Airports, Drug Syndicates, and Nigeria’s Global Reputation

By Tahir WaliNigeria’s airports are more than transit points;...

Kogi Govt Says Cash-Back Promotion Policy Boosts Workers’ Welfare

By Noah Ocheni, LokojaThe Kogi State Government says its...

Bayelsa Lays Late Deputy Governor to Rest as Tinubu, Jonathan Pay Tributes

By Amgbare Ekaunkumo, YenagoaBayelsa State on Saturday laid to...

Humanitarian:President Shettima Commissions Tudun Biri Resettlement Site in Kaduna

By Joyce Remi-BabayejuThe Vice President, Senator Kashim Shettima, has...

Army kills ISWAP commander, foils attacks in Borno

Troops of the Joint Task Force (North East), Operation...

Premier League Clubs Step Up Activity as January Transfer Window Nears Close

Premier League clubs intensified squad reshaping during the January...

March 31 Deadline: Oyedele Urges Nigerians to File Annual Tax Returns

Chairman of the Presidential Committee on Fiscal Policy and...

Related Articles

Popular Categories

spot_imgspot_img