EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirus

EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirus... 23/04/2020 Politics

Keywords:#2015, #Donald_Trump, #EU, #European, #European_Union, #IMF, #International_Monetary_Fund, #Iran, #Josep_Borrell, #Middle_East, #Middle_Eastern,, #President, #Reuters, #Tehran, #Trump, #U.S._Treasury, #United_States, #Washington

By Robin Emmott
BRUSSELS (Reuters) - The European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU's top diplomat said on Wednesday.
EU foreign policy chief Josep Borrell said the United States was preventing the International Monetary Fund from assisting Iran, the Middle Eastern country most affected by the coronavirus, adding that he regretted Washington's position.
"We supported first to soften the sanctions and second, the request by Iran to the International Monetary Fund for financial help," Borrell told a virtual news conference after a video conference of EU foreign ministers.
"I regret that the Americans are, at this stage, opposing the International Monetary Fund from taking this decision. From a humanitarian point of view, this request should have been accepted," he said.
Washington has said it is not letting up on its "maximum pressure" campaign against Iran despite the coronavirus, continuing to use sanctions to try to limit Tehran's ballistic missile program and influence across the Middle East.
U.S. President Donald Trump reimposed sanctions on Tehran's petroleum exports in 2018 after withdrawing from the 2015 Iran nuclear deal between Tehran and six world powers. The European Union helped to negotiate the agreement.
Tehran says its nuclear program is for peaceful purposes.
Reuters reported on April 15 that the United States opposed a massive IMF liquidity injection through issuance of new Special Drawing Rights, akin to a central bank making new money, that would have benefited Iran and other countries.
The program could have provided hundreds of billions of dollars in foreign exchange reserves for all of the global lender's 189 member countries, according to sources familiar with the IMF's deliberations. The U.S. Treasury declined to comment for the Reuters April 15 report
Iran has almost 86,000 confirmed cases of COVID 19, the respiratory disease caused by the novel coronavirus, and more than 5,000 deaths, according to a Reuters tally.
The European Union, which has provided some humanitarian aid to Iran despite U.S. sanctions, said on March 23 that it supported Iran's request for IMF help.
(Reporting by Robin Emmott;editing by Grant McCool)
---EU regrets U.S. refusal to allow economic aid for Iran to fight coronavirus ---

Read more from Source »

Related articles based on keyword density
Middle East - Security Council debates ending UN sanctions on Iran ... 13/03/2015 News
Major world powers have begun talks about a UN Security Council resolution to lift UN sanctions on Iran if a nuclear agreement is struck with Tehran, ...View Details»

U.S. seeks to increase pressure on Iran at Warsaw meeting ... 14/02/2019 Politics
By Lesley Wroughton and Joanna Plucinska WARSAW (Reuters) - Foreign ministers and senior officials from 60 nations gather in the Polish capital Warsaw...View Details»

ISIS: The Spoils of the "Great Loot" in the Middle East - FPIF... 02/07/2014 Politics
Adding yet more warfare to the current crisis in the Middle East will perpetuate exactly what the imperial powers set out to do: tear an entire region...View Details»

Global powers condemn US sanctions against Iran and encourage business... 11/08/2018 Politics
Despite pleas from key members of the international community, the U.S. re-imposed sanctions targeting the Iranian government's purchase of U.S. ...View Details»

Europeans plan new Iran push but may be nearing end of diplomatic road... 19/06/2019 Politics
By John Irish and Robin Emmott and Arshad Mohammed Britain, France and Germany plan a new push to keep Iran in the 2015 nuclear deal despite Tehran's...View Details»