European Union

Iran welcomes 'path of diplomacy and negotiations’, urges US to be ‘realistic’

Jul 28, 2022 01:10

Iran's foreign minister says his country welcomes continuation of the path of diplomacy with the aim of reaching an agreement on the removal of anti-Tehran sanctions and the revival of the 2015 nuclear deal, while urging the US to be "realistic".
The war 'diplomat': How Borrell and the West lost the 'global battle of narratives'

Jul 27, 2022 12:13

In a blog entry reflecting on the G20 Foreign Ministers’ meeting in Bali, Indonesia on July 7-8, the High Representative of the European Union, Josep Borrell, seems to have accepted the painful truth that the West is losing what he termed “the global battle of narratives.”
Concern mounts over EU gas, electricity supplies as Russia reduces exports to continent

Jul 27, 2022 09:04

Up to a quarter of the EU's electricity demand is generated using gas. In some of the bloc's member states, it is higher. As less of it arrives from Russia, EU nations have agreed to reduce gas consumption by 15% until the spring.
Interest rates: The three central banks facing one tricky balancing act

Jul 27, 2022 04:50

In the fight against inflation the European Central Bank (ECB), Bank of England and US Federal Reserve risk either doing too much too soon, or too little too late.
US/EU sanctions against Russia failed to have desired effect

Jul 27, 2022 04:02

The US and EU sanctions against Russia have failed to have the desired effect so the US is now trying to limit the profitability of Russian oil sales by putting a price cap on it.
Iran serious about sustainable, strong agreement: FM

Jul 27, 2022 01:54

Iran's foreign minister says Tehran is “serious” about reaching a sustainable and strong agreement amid the ongoing talks aimed at potential fresh removal of the US’ inhumane sanctions against the Islamic Republic.
President Raeisi: Deal on JCPOA revival still possible if West acts wisely

Jul 26, 2022 13:42

President Seyyed Ebrahim Raeisi has once again blamed the West for the stalemate in talks on the revival of 2015 deal, saying, however, that Iran and the P4+1 group of countries can still reach a final agreement if the opposite side acts wisely.
EU agrees to cut gas consumption as Russia squeezes supply

Jul 26, 2022 10:52

European Union (EU) members have agreed to reduce gas consumption as a European energy crisis deepens with Russia's latest decision to tighten the squeeze on the flow of gas to the continent.
AEOI chief: IAEA cameras will remain turned off until JCPOA restored

Jul 25, 2022 08:54

The head of the Atomic Energy Organization of Iran (AEOI) says monitoring cameras installed by the UN nuclear agency at the Iranian nuclear sites will remain turned off until the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), is fully restored.
US anti-Iran sanctions detrimental to global economy, Europe: Raeisi

Jul 23, 2022 14:25

President Seyyed Ebrahim Raeisi says the illegal sanctions imposed by the United States on the Islamic Republic following Washington's unilateral withdrawal from the 2015 Iran nuclear deal have been detrimental to global economy, particularly Europe.