
Japan Denies Reports On Proposing $18.4Bln Loan To Iran For Compliance With JCPOA - Gov't
Mohammad Ali (@ChaudhryMAli88) Published October 21, 2019 | 09:40 AM

TOKYO (UrduPoint News / Sputnik - 21st October, 2019) The Japanese government has denied reports that, together with France, it has proposed a joint plan to provide Iran with a loan of about $18.4 billion if Tehran returned to compliance with the Joint Comprehensive Plan of Action (JCPOA).
"The messages do not correspond to the reality," Japan's chief cabinet secretary, Yoshihide Suga, said at a briefing in Tokyo on Monday.
The Mainichi newspaper has earlier reported that the government of Japan decided to support France's initiative announced this summer to provide Iran with assistance in the amount of $15 billion after Tehran demanded an increase in loan volumes to compensate for the negative impact of tougher sanctions, and increase this amount to about $18.42 billion.
The plan to reduce tension between Washington and Tehran was announced by French President Emmanuel Macron at a meeting with US President Donald Trump on the sidelines of the G7 summit in summer.
Macron had urged Trump to consider steps that would allow Tehran to increase oil exports, which could finally help Iran's ailing economy.
The idea was to let Iran sell at least 700,000 barrels of oil per day, which is almost two times higher than its current oil export. The second point of this plan was to provide a loan of about $15 billion to Iran, so that the country could use the hard Currency bypassing US sanctions.
This information was later confirmed by Iranian Foreign Minister Abbas Araghchi, who noted that the resumption of Tehran's implementation of the nuclear deal depended on that amount's provision.
The JCPOA was signed in 2015 by Iran, China, France, Germany, Russia, the United Kingdom, the United States, Germany and the European Union. It required Iran to scale back its nuclear program and severely downgrade its uranium reserves in exchange for sanctions relief. In 2018, the United States abandoned its conciliatory policy on Iran, withdrawing from the JCPOA and hitting Iranian petroleum industries with sanctions, prompting criticism from its allies in Europe.
Related Topics
Recent Stories

UAE President, VPs congratulate Serbian President on National Day

UAE launches landmark US$60 million initiative to expand accessible education fo ..

India, US to double bilateral trade to $500 billion by 2030

Bolivia’s heavy rains claim 28 lives as death toll rises

Indonesia hands lengthy sentences to Javan rhino poachers

Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 15 February 2025

Today Gold Rate in Pakistan 15 February 2025

RAK Ruler welcomes Michigan Governor, witnesses signing of agreement aimed at dr ..

UAE Wrestling Federation launches new strategy to enhance sport of wrestling

World’s best triathletes to descend on Hudayriyat Island for Modon World Triat ..

UAE broadens visa-on-arrival to Indian nationals

34th Abu Dhabi Desert Challenge set for thrilling showdown
More Stories From World
-
India to receive billions in US weapons, including F-35 jets, Trump says as protestors outside slam ..
11 hours ago -
Tennis: ATP Delray Beach Open results
11 hours ago -
Snow king Evans leads tight race at Rally Sweden
11 hours ago -
M23 fighters, Rwandan troops enter DR Congo's Bukavu: Sources
11 hours ago -
Tennis: Marseille Open ATP results - 1st update
13 hours ago -
M23, Rwandan troops seize Bukavu airport in eastern DR Congo
13 hours ago
-
Swiatek's Doha reign ended by Ostapenko in semis
13 hours ago -
Bayern coach Kompany compares Leverkusen duel with City-Liverpool rivalry
13 hours ago -
Zelensky top aide says discussed 'just peace' with Trump envoy
13 hours ago -
Haaser wins world giant slalom, Odermatt fourth
13 hours ago -
Dubai Customs empowers Emirati talent with open day for private sector opportunities
17 hours ago -
Medvedev into first quarter-final of 2025 in Marseille
18 hours ago