The Iranian foreign ministry lauded "good" talks with Europe on Iran's crude sales after the US November sanctions, but meantime, warned that in case the EU moves to guarantee Iran's merits under the nuclear deal fail, then Tehran would make a decision to protect its national interests.
"We hope to be able to maintain the nuclear deal. If the EU and other partners fail to provide the needed guarantees, it can affect Iran's decision based on its national interest," Foreign Ministry Spokesman Bahram Qassemi told reporters in Tehran on Monday.
He noted that Iran and Europe, Russia and China (the countries which try to maintain the 2015 nuclear deal after the US withdrawal) have not yet reached a final and complete conclusion and mechanisms which can meet Tehran's expectations, and said, "We have had good talks on oil issues which was one of the main issues discussed with the EU and the mechanisms have been finalized to some extent and negotiations have progressed well."
Qassemi, meantime, warned that the US and some other countries are attempting to prevent coordination between Iran and Europe, China and Russia.
Yet, informal sources said Iran's foreign minister has informed the EU foreign policy chief that Tehran would take action to resume its halted nuclear operations if the needed EU moves fail to meet Iran's interests by November 15.
Iranian Deputy Foreign Minister Seyed Abbas Araqchi announced last Friday that the new financial mechanism to be used by the European Union would be implemented by the EU in November.
"The Europeans have to establish the mechanism before November 4, when the new round of sanctions are to start," Araqchi told reporters.
He underlined that the EU’s special purpose vehicle (SPV) was intended for easing banking and trade transactions with Iran.
“Europeans are aware of our expectations that the SPV’s structure should be clear by then and at least some section of the mechanism should start working,” Araqchi said.
The Iranian deputy foreign minister reiterated that in fact November 4 had an official aspect and a strange thing was not supposed to happen on this day.
Araqchi was accompanying Iranian Foreign Minister Mohammad Javad Zarif during his visit to New York to attend the 73rd annual meeting of the UN General Assembly.
European Union Foreign Policy Chief Federica Mogherini said last Wednesday a so-called Special Purpose Vehicle (SPV) would facilitate trade with Iran and it would go into force before November.
The SPV aims to keep trade flowing even if possible US sanctions hit Tehran.
European diplomats have previously described the SPV proposal as a means to create a barter system, similar to one used by the Soviet Union during the Cold War, to exchange Iranian oil for European goods without money changing hands.