Daimler abandons its Iran plans over United States sanctions

Charlene Craig
August 7, 2018

President Trump withdrew the United States from the Iran nuclear deal earlier this year, and began reimposing sanctions on Iran Monday.

The sanctions, under an executive order signed by Trump, target financial transactions that involve United States dollars, Iran's automotive sector, the purchase of commercial planes and metals including gold. "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level", Trump wrote in an early morning tweet Tuesday.

The Trump administration moved to restore some USA sanctions on Iran and reaffirmed plans to impose tougher penalties on the country's oil sales in November, as President Hassan Rouhani comes under increasing economic and political pressure to address the crisis.

The sanctions Mr. Trump reimposed at midnight were lifted by former President Barack Obama as part of the 2015 Iran deal. The sanctions follow the Trump administration's withdrawal from the 2015 deal known as the Joint Comprehensive Plan of Action (JCPOA).

The "Trump Administration wants the world to believe it's concerned about the Iranian people", Iranian foreign minister Mohammad Javad Zarif said in a statement posted to Twitter. But, he said, the reimposed sanctions would endanger "ordinary Iranians".

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The EU has called on companies to increase their trade with Iran in defiance of Donald Trump's sanction on the country.

"We have ceased our already restricted activities in Iran in accordance with the applicable sanctions", said German auto and truck manufacturer Daimler.

"We are always in favour of diplomacy and talks... but talks need honesty".

"Preserving the nuclear deal with Iran is a matter of respecting global agreements and a matter of worldwide security", she said, in a joint statement on Monday along with the foreign ministers of France, Germany, and the United Kingdom. "Anyone doing business with Iran will NOT be doing business with the United States", he wrote.

Most foreign businesses will not invest in Iran and will pull out, opting instead to stay in the good graces of the U.S.

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JU-Air runs a small fleet of four Junker planes, all built in 1939 and operated by ex-military and professional pilots. He said it had its full annual service during the winter, and "we know of no technical problems with this aircraft".

"If the ayatollahs want to get out from under the squeeze, they should come and sit down". Its currency the rial has lost nearly two-thirds of its value in six months.

He said the U.S. has long designated Iran as the world's foremost state sponsor of terrorism.

"The remaining parties to the JCPOA have committed to work on, inter alia, the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran's export of oil and gas", the joint statement between the European Union and the E3 highlighted.

The European commission today put in place never-before-used legislation to protects the continent's firms from U.S. sanctions which not only target Tehran but their trading partners.

But the European Commission has implemented a previously unused regulation that seeks to cancel the effect of the USA policy on European companies doing "legitimate business" with Iran.

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Iran and the United States have been rivals for almost four decades following the Islamic revolution in the oil-rich nation. On Monday, he declared that he would be willing to meet Rouhani without preconditions to discuss how to improve relations.

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