China to host Iran leader amid nuclear deal upheaval

Image
AFP Beijing
Last Updated : May 28 2018 | 11:15 AM IST

Iran's president will attend a summit with his Chinese and Russian counterparts next month, officials in Beijing said today, amid efforts to salvage the nuclear deal thrown into upheaval by Donald Trump.

China, Russia and European powers, all of which signed the 2015 Iran nuclear accord, are scrambling to save the pact following the US president's decision to quit the agreement and reinstate sanctions.

China's President Xi Jinping will meet Iran's Hassan Rouhani on the sidelines of the Shanghai Cooperation Organisation (SCO) meeting from June 9-10 in Qingdao, said Chinese Foreign Minister Wang Yi.

Russian President Vladimir Putin will also attend the summit, he added.

Wang did not include the nuclear deal in a readout of the summit's formal agenda. But Beijing, which is already Iran's top trade partner and one of its biggest buyers of crude, has signalled that it intends to keep working with the Islamic regime despite the US move.

Chinese businesses are expected to step up activities in Iran to fill the void left by the exit of US companies and the possible withdrawal of European rivals amid punitive measures enforced by the US.

Iran is currently an observer member of the SCO, though it has long sought full membership.

The regional bloc focusing on security and trade also includes four ex-Soviet central Asian republics and two new members, Pakistan and India.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 28 2018 | 11:15 AM IST

Next Story