INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

US says it is up to Russia, Iran to revive nuclear deal

US State Department spokesman Ned Price speaks during a news conference at the State Department.
  • Vienna talk between world powers and Tehran appeared close to its goal until Russia's sudden demand on nuclear accord
  • The US said that western sanctions on Russian in response to invading Ukraine are entirely unrelated to the JCPOA

The United States on Friday urged Moscow and Tehran to take the “decisions” needed to revive the 2015 nuclear accord, putting the ball squarely in their camp as last-minute Russian demands threatened to derail the process.

“There will need to be decisions made in places like Tehran and Moscow,” State Department spokesman Ned Price told reporters after the European Union announced a pause in negotiations on the deal limiting Iran’s nuclear program.

“We are confident that we can achieve mutual return to compliance with the JCPOA if… those decisions are made in places like Tehran and Moscow,” Price said, using the acronym for the deal formally known as the Joint Comprehensive Plan of Action.

The current round of talks between world powers and Iran, taking place in the Austrian capital Vienna, had appeared close to its goal until Russia made a sudden new set of demands last week.

Russia said it wanted guarantees that the Western economic sanctions imposed in retaliation for its invasion of Ukraine would not affect its trade with Iran.

Price told reporters that “the new Russia-related sanctions are wholly and entirely unrelated to the JCPOA” and “shouldn’t have any impact” on the talks.

“We have no intention of offering Russia anything new or specific as it relates to these sanctions,” he added.

Price confirmed that the US negotiator, Rob Malley, had returned to Washington with his team for the time being.

Price warned that “there is very little time remaining” to save the accord, which began unravelling when former US president Donald Trump withdrew the United States in 2018.