White House to detail implementation of new Iran sanctions Monday: Mike Pompeo

White House to detail implementation of new Iran sanctions Monday: Mike Pompeo

President Hassan Rouhani told Iran's state television Monday that he would welcome talks, and blamed the U.S. for backing out of dialogue.

The first round of the USA sanctions goes into effect on Tuesday following Washington's decision to withdraw from the Joint Comprehensive Plan of Action, also known as the Iranian nuclear deal. But he said Iran must change its ways.

It will enable EU-based firms to recover damages resulting from the USA sanctions.

"To this day, Iran threatens the United States and our allies, undermines the global financial system, and supports terrorism and militant proxies around the world", he said.

Rouhani is due to give a televised address to the nation at 21:40 pm (1710 GMT) on Monday to outline plans for tackling the currency decline and impact of sanctions.

Measures targeting Iran's automotive sector as well as its trade in gold and other key metals will take effect from 00:01 EDT (04:01 GMT) on Tuesday.

"The Blocking Statute allows European Union operators to recover damages arising from U.S. extraterritorial sanctions from the persons causing them and nullifies the effect in the European Union of any foreign court rulings based on them", the Commission said in a press release. The same day you (Americans) impose sanctions we open our economy.

"I have a suspicion that even if it doesn't come directly, I can easily see in six months the Iranians turning to the Russians and letting the Russians be their channel", to negotiate with Trump, said Ross."Given the Trump-Putin relationship, we can see Russia coming and offering something, opening up a negotiation".

Washington has told countries they must halt all imports of Iranian oil from 4 November or face U.S. financial measures.

"We're very hopeful that we can find a way to move forward, but it's going to require enormous change on the part of the Iranian regime", Mr. Pompeo said on Sunday.

Iranian President Hassan Rouhani
Iranian President Hassan Rouhani Denis Balibouse

The Trump administration reimposed sanctions on Iran Monday, saying the penalties that were lifted under former President Barack Obama will be rigorously enforced until Tehran radically changes its behavior, including the funding of terrorism.

The JCPOA is working and delivering on its goal, namely to ensure that the Iranian programme remains exclusively peaceful, as confirmed by the International Atomic Energy Agency (IAEA) in 11 consecutive reports.

The EU announced it would take legal steps to protect EU companies "doing legitimate business in Iran".

Trump repeatedly has tweeted that he is willing to talk directly to Iranian officials without preconditions.

All remaining United States nuclear-related sanctions will resume effective November 5, 2018.

They have pledged to abide by their commitments under the deal. "We are very intent on using these authorities", a third U.S. official said, and will "use them aggressively". Individuals or entities that fail to wind down activities with Iran risk severe consequences.

A joint statement issued on Monday by the foreign ministers of the EU's 28 member states, including the UK's foreign secretary, Jeremy Hunt, said there was a "determination to protect" the bloc's economic interests and the nuclear deal known as the joint comprehensive plan of action (JCPOA), which Brussels, along with China and Russian Federation, continues to support.

"America will regret imposing sanctions on Iran ..." United Nations inspectors said Iran was complying with the deal, but Trump argued that it didn't do enough.

"Although the Europeans are trying to solve the Iran nuclear deal and continue to do business with Iran, ultimately banks and companies do not listen to the government, they make their own decisions", he said.

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