Europeans ‘must compensate’ Iran for economic losses: UN envoy Ravanchi

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Tehran, July 10: Iranian ambassador to the United Nations (UN) Majid Takht-Ravanchi insisted the Europeans to do more in order to compensate Iran for its economic losses which have been inflicted by the US sanctions, otherwise Tehran will continue to exceed enriching low-uranium beyond the cap it was set in the landmark 2015 international nuclear deal.

According to BBC news reports, Majid, however, said Tehran would remain in the International Nuclear Forces (INF) Treaty for now. He also stated if the United Kingdom (UK) fails to release a detained Iranian oil tanker – recently seized off Gibraltar coast, there would be serious consequences.

He said Iran was not breaching the pact, adding, “For the time being we are in the deal and we invite others to stay in the deal.”

He added Tehran would move towards the “third phase” of its uranium enrichment process unless the other signatories of the pact stand by there promise to secure the economic benefits of the pact.

“Apparently, besides the US the Europeans have not been up to the job and have not honoured all their commitments up to now,” he said.

He said Tehran may exceed enrichment levels to about 20 percent in “phase 3”. “We have said we are not going to honour the cap of 3.67%,” the envoy said. “What will happen in the third phase we have not said it yet, but if we reach to that point, definitely we will announce beforehand.”

He said the recent move was not a threat but, a hint Iran would not sit on their hands if attacked by others.

 

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