India and China seen as Europe’s last hope to save Iran nuclear deal
- by Archit-Jain
- May 10, 2019 12:09
India being the biggest oil cient of the iran after china has by almost halved its iran oil purchase since november. indian oficials say they are still searching new suppliers. The European Union will defend the Iran nuclear accord despite Tehran’s decision to backtrack on its commitments in response to U.S. sanctions, diplomats believe, but European powers expect it to collapse without a deal to sell Iranian oil to China or India.
Britain, France and Germany, which signed the 2015 deal along with the United States, China and Russia, are determined to show they can compensate for last year’s U.S. withdrawal from the accord, protect trade and still prevent Tehran from developing a nuclear bomb.
“This situation now risks deteriorating, but it will be step by step and not a collapse all in one go,” said a senior European diplomat. A French diplomat talked of a “negative spiral” in which trade in food and medicines was simply not enough, while another European envoy spoke of Iran’s “phased exit” from the deal.The Chinese have dragged their feet in several areas because of U.S. sanctions,” a third European diplomat said.
Vakil said the three European powers should focus on high-level diplomacy to kick-start negotiations between the deal’s remaining stakeholders and Washington to preserve the accord.
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