EU facing 'huge pressure' from U.S. over Iran INSTEX: French minister

22 May, 2019
Source: Reuters

European powers are facing huge pressure from the United States to drop its proposed trade channel with Iran and it will also not succumb to ultimatums from Tehran, French Finance Minister Bruno Le Maire said on Tuesday.

 “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.”

Iran accuses the Europeans of not doing enough to save the deal.

Le Maire said that as well as the U.S. pressure, daily threats by Iran to withdraw from the agreement were also making its talks on creating the trade channel more difficult.

“Iran is constantly threatening to break the agreement and that doesn’t facilitate the possibility of trade,” he said.

Iran has warned the European powers that it could renege on key parts of the nuclear deal after 60 days if oil exports did not drastically increase.

“I do not think that Europe will give into an ultimatum,” Le Maire said.

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