China urges respect for nuclear deal after Iran uranium plan

Image
AFP Beijing
Last Updated : Jun 06 2018 | 4:20 PM IST

China urged all parties to the Iran nuclear deal to uphold the pact today after Tehran unveiled plans to boost uranium enrichment capacity following Washington's pullout from the agreement.

Iran said today that it would boost its capacity by opening a centre for production of new centrifuges, possibly as early as Wednesday, at the Natanz plant.

Under the 2015 nuclear agreement that Iran signed with world powers, it has the right to build and test certain centrifuges, though detailed restrictions exist for the first 10 years on the types and quantities of the machines.

"Under the current situation, we hope that all parties concerned can proceed with the long-term and overall interests in mind and continue to sustain and implement the agreement," Chinese foreign ministry spokeswoman Hua Chunying told a regular press briefing.

"A comprehensive agreement and a thorough and balanced implementation of its obligations will help maintain the international system to ensure nuclear non-proliferation and help maintain peace and stability in the Middle East," she said.

The move comes a month after President Donald Trump announced the US decision to withdraw from the deal and reinstate sanctions.

The remaining parties -- China, Britain, France, Germany and Russia -- have vowed to stay in the accord.

Many Western companies have already started to wind down Iranian operations, but Beijing, which is Iran's top trade partner and one of the biggest buyers of its oil, has signalled that it intends to keep working with the Islamic regime.

Iran's president, Hassan Rouhani, will meet with Chinese leader Xi Jinping at the summit of the Shanghai Cooperation Organisation, a regional security group, in the eastern city of Qingdao this weekend.

Russian President Vladimir Putin will also attend the conference.

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: Jun 06 2018 | 4:20 PM IST

Next Story