Iran's nuclear chief warned the European Union on Monday of "ominous" consequences if it did not follow through with action to keep the economic benefits of the 2015 nuclear agreement alive.
Ali Akbar Salehi said the European Union was "doing its best" after the United States pulled out of the deal and re-imposed sanctions on Iranian oil exports this month, even as the bloc's efforts to salvage trade ties have floundered.
But Salehi, the head of Iran's Atomic Energy Organization, told reporters in Brussels: "If words are not turned into deeds, then ... it is very ominous, the situation would be unpredictable."
The EU and other remaining parties to the accord - China and Russia - hope to convince Tehran to respect the curbs that the deal placed on its nuclear programme, despite Washington's pull-out and the sanctions that aim to force the rest of the world to stop buying Iranian oil.
Striving to circumvent those sanctions, EU nations plan to facilitate non-dollar transactions with Iran. A so-called Special Purpose Vehicle (SPV) would act as a barter system offsetting Iranian exports with purchases of EU goods.
__________
Read more:
Iran threatens missile strikes on Al Dhafra and other US bases
Iran developing new missile capabilities, US researchers say
US sanctions five Iranians over ballistic missile deliveries to Yemen’s Houthis
US sanctions on Revolutionary Guards causes Iran investment rethink
__________
“If it [the Iran deal] breaks down no sides will benefit, this deal is complementary to the non-proliferation regimes, it could give it support but if it breaks down then the situation will certainly change and everything will be in turmoil,” said EU energy commissioner Arias Canete, adding that the EU needed to “keep it alive”.
“The deal is crucial for the security of Europe, of the region and the entire world to ensure that the Iranian nuclear program remains peaceful.”
Speaking on the sidelines of talks on civilian nuclear cooperation, EU diplomats admitted they could only do so much to urge firms to brave the risk of US penalties and do business with Iran.
"What we are doing now is a lot of symbolism," said one EU diplomat involved in talks with Iran.
"The SPV isn't going to be a game changer," said another EU official. "The prospects are pretty grim."
No EU country has yet agreed to host the SPV and progress in creating it is likely to be slow, despite the political will in Paris, Berlin and London.
"This is a hugely complex and unique undertaking, technical work has been advancing," Europe's Climate and Energy Commissioner Miguel Arias Canete said at a joint briefing with Salehi.
"Nobody should have any doubt on the level of political ambition and determination by the member states involved, in particular, France, Germany and the United Kingdom to swiftly operationalise the SPV."
UAE currency: the story behind the money in your pockets
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
KILLING OF QASSEM SULEIMANI
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WonderTree%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20April%202016%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Muhammad%20Waqas%20and%20Muhammad%20Usman%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Karachi%2C%20Pakistan%2C%20Abu%20Dhabi%2C%20UAE%2C%20and%20Delaware%2C%20US%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Special%20education%2C%20education%20technology%2C%20assistive%20technology%2C%20augmented%20reality%3Cbr%3EN%3Cstrong%3Eumber%20of%20staff%3A%20%3C%2Fstrong%3E16%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EGrowth%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Grants%20from%20the%20Lego%20Foundation%2C%20UAE's%20Anjal%20Z%2C%20Unicef%2C%20Pakistan's%20Ignite%20National%20Technology%20Fund%3C%2Fp%3E%0A
Heavily-sugared soft drinks slip through the tax net
Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.
Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.
A 680ml can of Arizona Iced Tea costs just Dh6.
Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
MORE ON THE US DEMOCRATIC PRIMARIES
MATCH INFO
Jersey 147 (20 overs)
UAE 112 (19.2 overs)
Jersey win by 35 runs
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now