Araghchi: Europe’s big challenges in preserving JCPOA

Abbas Araghchi: Europe is a capitalist system. Companies are independent and act based on their CEOs’ decisions. And they decide which markets to enter or not. For them, only economic profits are important for them. Many of these big companies have large markets in the U.S. and they don’t want to lose them. 40% of shareholders of Total company that you mentioned are American. Or Airbus that you talked about has bases in 40 states of the U.S. and is doing business there. The U.S. markets are important for them. American shareholders are important for them. They have doubts, and they want to have conditions in Iran that wouldn’t hurt their markets in the U.S. This is one the problems and challenges of Europe for staying in the JCPOA. That is why we are negotiating to see if Europe can resolve these challenges or not. I don’t deny that these challenges exist and are very tough. It is Europeans who should decide. If they want Iran to stay in the JCPOA, they must resolve these challenges. It is not our problem that Total is leaving Iran. This is Europeans’ problem. Can Europeans find a solution for it? That is what we are negotiating about. It is not just reaching an agreement, and that is all. No. We should see if Europeans can resolve these big challenges that exist and are due to absence of the U.S. from the JCPOA. The U.S. financial system – dollar system – is dominant internationally. Can they create systems based on euro? Can they create a euro mechanism for working with Iran? We should wait and see. I have said it several times and let me repeat it: we are witnessing Europeans’ seriousness in preserving JCPOA, but we are not sure if they can. These are two different issues. They are serious, but can they preserve JCPOA? This will be decided in negotiations.