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EU Regrets US Decision on Iranian Oil Purchase

EU spokeswoman Maja Kocijancic says EU will continue to abide by its word as long as Iran continues the full and effective implementation of its nuclear commitments EU spokeswoman Maja Kocijancic says EU will continue to abide by its word as long as Iran continues the full and effective implementation of its nuclear commitments
Brussels, Apr 23 (Prensa Latina) The European Union (EU) today lamented the United States'' decision to end exemptions for the purchase of Iranian oil by certain countries, because it puts at risk the nuclear agreement with that nation.
It further undermines the implementation of the nuclear agreement with Iran, which is a key element of the global non-proliferation architecture and was unanimously approved by the UN Security Council, and is also critical for global and regional security,' said EU spokeswoman Maja Kocijancic.

According to the spokeswoman, the EU will continue to abide by that pact as long as Iran continues the full and effective implementation of its nuclear commitments.

The US government informed yesterday that US president, Donald Trump, will not renew the exceptions of sanctions to any country that imports Iranian crude when they expire next May 2, a measure that could affect the oil market, according to analysts.

According to the White House, the action has the purpose of bringing Iranian oil exports to zero, thus denying the Persian government 'its main source of income'.

The Trump government, which withdrew from the nuclear agreement in 2015, announced in November sanctions for the banking and energy sectors of that territory, but clarified that China, South Korea, Greece, India, Italy, Japan, Turkey and Taiwan would not be currently subject to the penalties established against those who buy crude from Iran, which in 2017 ranked as the fifth largest producer of the world.

In the statement they add that the United States, Saudi Arabia and the United Arab Emirates, three of the world's major energy producers, 'pledge to ensure that world oil markets continue to be properly supplied.

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