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Europeans concern as US lets Iran oil trade wavers expire

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The US will also revoke two waivers that allowed Iran to ship its excess heavy water for storage and swap its enriched uranium for natural uranium

At the same time, Pompeo renewed waivers of U.S. sanctions allowing Russia, China and European countries to pursue cooperation programs created to prevent Iran from reactivating a defunct nuclear weapons program.

On Friday, the US State Department said that the waivers allowing the storage of Iran's heavy water that was produced in excess of current limits would be revoked and that any involvement in the transfer of Iranian uranium would be subject to US sanctions.

Iranian parliament speaker Ali Larijani was quoted as saying on Saturday that Iran will continue uranium enrichment under its nuclear deal with world powers despite a USA move to stop it.

The Europeans reminded Washington that the Iran nuclear agreement, officially called the Joint Comprehensive Plan of Action (JCPoA) remains a "crucial element" of the global nuclear non-proliferation regime and therefore is "essential" to European security. "It is clear that over this period there has been a serious adaptation to this illegal trick by the United States", Tasmin News Agency quoted Russian Deputy Foreign Minister Sergei Ryabkov as saying.

'The JCPOA is working and delivering on its goal, as confirmed by the International Atomic Energy Agency (IAEA) in 14 reports, ' it said. "We also note with concern the decision by the United States not to fully renew waivers for nuclear non-proliferation projects", Britain's foreign office added.

Washington said the move was aimed at forcing Tehran to end its production of low-enriched uranium, a demand Iran has repeatedly rejected as it says it uses the uranium to help produce electricity.

As part of the agreement, Iran was to sell any enriched uranium above that threshold on worldwide markets in return for natural uranium, with Russian Federation a key player.

On Saturday, the 4th of May 2019, Speaker of Iranian Parliament, Ali Larijani said that Iran would continue to produce low-enriched uranium despite a United States move to stop it, adding that Iran's production of heavy water, which could be converted to plutonium in reactors and used in nuclear warheads, had not been violating current nuclear accord.

"Last year, we had we non-oil exports of $43 billion". It also blacklisted Iran's elite Revolutionary Guard Corps.

Iran has kept its nuclear program within the main limits imposed by the 2015 nuclear deal with major powers, known as the Joint Comprehensive Plan of Action (JCPOA), despite the USA pullout from the agreement a year ago.

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