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Greece assessed the economic consequences of the US withdrawal from the deal with Iran

Greece assessed the economic consequences of the US withdrawal from the deal with Iran

09.05.2018
Tags: Greece, Iran, USA, EU, Sanctions, Economy, International Relations

The decision by US President Donald Trump to withdraw from the international agreement on the Iranian nuclear program could have economic consequences for the European Union, said Deputy Foreign Minister of Greece Yorgos Katrungalos at a briefing on Wednesday.

Trump on Tuesday announced that the US is withdrawing from the agreement with Iran on the nuclear program reached by the six international mediators (Russia, the United States, Britain, China, France, Germany) in 2015. In addition, the US president announced the restoration of all sanctions, the effect of which was suspended as a result of the deal reached.

"We often see, and this applies to Iran and Cuba, that the economic policy of the United States differs radically from the policy of the European Union.The introduction by the States of sanctions will hit the bilateral relations of the European Union with the countries concerned," said Katrungalos, who is responsible for European affairs.

In his opinion, even greater coordination of the European economic policy is necessary, since the EU can not depend on the political decisions of other countries, including such an ally as the United States.

"On the other hand, the political consequences of this decision for Europe also show the need for Europe to have a single voice, and a strong voice, both in economy and international policy issues." Now Europe is an economic giant and a political dwarf, "the deputy minister said.

In this regard, he spoke in support of the defense articles of the budget of the European Union.

On the eve of the Greek Prime Minister Alexis Tsipras stated concern about the consequences of a possible break in the deal on the Iranian nuclear program. This could lead to destabilization of the situation in the region, Citrass said following the results of the tripartite summit in Nicosia with the participation of Israeli Prime Minister Benjamin Netanyahu and Cyprus President Nikos Anastiadis.

Greece has strategic relations with Iran, the two countries closely cooperate in different areas of the economy. Iran was one of the main suppliers of oil to Greece - in 2011, Greece bought in Iran daily for 100 thousand barrels of oil. A third of the Greek oil imports came from Iran. At the same time, Iran supplied oil to Greece on credit. Supplies were discontinued in 2012 year after the introduction of Western sanctions against Tehran in connection with the development of the Iranian nuclear program. Sanctions from Iran were lifted in 2016 year.

Gennady Melnik
RIA News
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