Media: Japan and France will offer Iran a loan of $18 billion in compliance with nuclear deal

A loan guarantee will be provided by oil, the newspaper Mainichi

СМИ: Япония и Франция предложат Ирану кредит на $18 млрд при соблюдении ядерной сделки

TOKYO, October 20. /TASS/. Japan and France have proposed a plan to provide Iran with a loan of 2 trillion yen ($18.4 billion), if Tehran will return to full compliance with the Joint comprehensive plan of action (SVPD) on the Iranian nuclear program. This was reported in the Sunday newspaper Mainichi.According to her, a loan guarantee will be provided at the expense of oil, and use the allocated amount is expected to purchase food and medicines. This summer, France has already proposed a similar plan assistance to Iran $15 billion, but the Iranian side demanded to increase the amount of the loan to offset losses from tougher sanctions, the newspaper said.

As a result, to support the initiative of the French government and to allocate the necessary additional funds Japan decided. In Tokyo believe that this position can contribute to the beginning of negotiations between Iran and Washington on the issue of nuclear deal. In addition, Japan may soon send two of the ship’s self-defense forces of the country in the Strait of Hormuz to escort merchant vessels. Financial support in this case is intended to smooth the possible negative reaction of Iran to these actions.

May 8, 2019, Iran’s President Hassan Rouhani said that Tehran suspend part of the commitments on the nuclear deal and gives other members have 60 days to return to its implementation. July 7, Tehran has proceeded to the second stage of the suspension (announced the enrichment of uranium over 3.67%) and promised to reduce obligations every 60 days, if the other parties fail to abide by agreements reached. September 6, Iran started the third stage reduction obligations under the nuclear deal and refused to restrictions on research activities.The issue of the Iranian nuclear issue escalated sharply after the unilateral US withdrawal from the Joint comprehensive action plan may 8, 2018 and the introduction against Iran economic sanctions by the U.S. in the sphere of oil export. According to Iranian side, the other transaction participants, especially the Europeans, do not fully adhere to their obligations in the economic part of the agreement, so the deal in its current form does not make sense.

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