Iranian Foreign Minister Mohammad Javad Zarif said on Thursday that the Islamic Republic reserves the full right to reduce its commitments under the 2015 nuclear deal as the European parties to the agreement failed to comply with their obligations.

“Compliance means that it has to have some effects, there have to be some actions. And we do not see any effect,” Zarif said addressing the MED 2020 virtual conference.

“We don’t see any European country buying oil from Iran. We do not see any European bank even prepared to send us money … So Europeans cannot claim that they are implementing JCPOA”, the top Iranian diplomat said.

Zarif emphasized that Iran would be ready to come back to full compliance and to scrap the earlier ratified law on Iranian nuclear facility inspections as soon as Europe and the US similarly comply with the accord.

“Europeans and the United States can in fact come back into compliance with JCPOA and not only this law will not be implemented, but in fact our actions that we have taken in light of paragraph 36 of the JCPOA will be rescinded. That is, we will go back to full compliance … We will immediately do that. In the meantime, the legislation [adopted] by the parliament becomes the law … We have no other option”, the Iranian minister added.

Zarif went on to say that Iran refuses to renegotiate the Joint Comprehensive Plan of Action agreed upon in 2015.

“The fact is that the United States and the European partners started with 20 plus 10 years of restrictions, Iran started with none. We agreed somewhere in the middle with 10 plus a few more years. This was the result of two years of negotiations. It will never be renegotiated, period”, he said.

Source: Agencies