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 We proceed from the idea that the norms of not only international law, but of international dialogue, have not been repealed,” Lavrov stressed.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

Court Orders EFCC to Apologise to Dubai-Based Businessman, Awards ₦5m Damages

The Federal High Court sitting in Kaduna has ordered...

NYSC Members Urged to Be Good Ambassadors at Delta State Batch ‘C’ Closing Ceremony

By Anne AzukaMembers of the National Youth Service Corps...

“Igbo People Have the Sweetest Music in Nigeria” — Kiddwaya Declares

Reality TV star Kiddwaya has sparked conversation online after...

Julius Berger has done a very beautiful job on Bodo-Bonny Road – Tinubu

By Francis WilfredPresident Bola Ahmed Tinubu has hailed leading...

Mahmoud Applauds Sen. Remi Tinubu’s RHI Elderly Scheme

By Joyce Remi-BabayejuThe FCT Minister of State, Dr. Mariya...

Gov. Yusuf Felicitates Premier Radio 102.7 on 4th Anniversary, Commends Ethical Journalism

By Jabiru HassanKano State Governor, Alhaji Abba Kabir Yusuf,...

Bandits Attack Kogi Communities, Kill Residents and Abduct Others in Mopamuro

By Noah Ocheni, LokojaBandits attacked two communities in Mopamuro...

Why Buhari Rarely Sacked Underperforming Ministers — Aisha Buhari

Former First Lady, Aisha Buhari, has explained why her...

The Only Harmattan Skincare Routine You Need This Year

Harmattan may have arrived quietly this year, with rains...

State of Emergency: Kenneth Okonkwo Faults Supreme Court Judgment

Legal practitioner and African Democratic Congress (ADC) chieftain, Kenneth...

CBIAMEC Urges Tinubu to Act on Allegations Against NMDPRA CEO

…..Calls for Policy on Domestic Schooling for Officials’ ChildrenThe...

Related Articles

Popular Categories

spot_imgspot_img