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09 July 2018, 07:29 | Darnell Patrick
"SWIFT is the key but Iran has to stay in at least until the end of the year to maintain divisions between the European Union and U.S., keep some credibility and try and survive amidst forthcoming sanctions", said Sanam Vakil, Associate Fellow at Chatham House, a London-based global think tank.
"If the process of the European foreign ministers' meeting in Vienna, which is aimed at encouraging Iran to cooperate, is promising, we will continue our cooperation", he said.
"The package proposed by Europe. does not meet all our demands", Rouhani was quoted as saying.
He added that "if the other signatories, apart from the United States, can guarantee Iran s interests then Iran will stay in the JCPOA", or Joint Comprehensive Plan of Action, the accord s formal name.
However, hopes of success were clouded after Iran's President Hassan Rouhani told French President Emmanuel Macron on Thursday that the European economic measures on the table did not go far enough.
Rouhani had said to a group of Iranians now living in Switzerland on Tuesday that if the United States tried to prevent Iran from exporting its oil, "they do not understand what it means, because it would be totally nonsense that Iran's oil is not exported while at the same time the region's oil is exported".
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"We advise businesses that want to keep investing (in Iran), we want to keep payment systems open, and we want to build security through widening the mandate of the European Investment Bank", he said.
On Friday, Zarif told reporters in Vienna that Europe must translate its commitment into action before the re-imposition of the USA sanctions on Tehran.
He stressed hat world powers would struggle to compensate Tehran for companies leaving Iran. With the United States out, the remaining signatories to the Iran nuclear deal on Friday vowed here to preserve the agreement by securing Tehran's interests under it.
"What I noticed during this meeting is that all the members, even the three allies, have committed and have the political will to take action and resist the United States", Foreign Minister Mohammad Javad Zarif told a press conference, broadcast by Iran's Fars news agency, after talks in Vienna.
Rouhani, who signed the nuclear deal, has been attacked at home by ultra-conservatives, who have denounced his willingness to talk to the West and accused him of hurting the economy.
In the joint statement, Zarif and other top diplomats reconfirmed their commitment to the deal and its "economic dividends" for Iran, which has suffered worsening financial turbulence since Trump abandoned the accord.
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