Iran's deputy foreign minister, Seyyed Abbas Araqchi, has emphasized that America's conduct vis-a-vis the JCPOA and the Islamic Republic of Iran are a very good indication of America's waning power and influence. He added: "From now on, it is going to be downhill for the US."

Iran news: According to an Iran Press report, in an interview with IRINN channel 6 of Iranian television, Seyyed Abbas Araqchi said the US has tried very hard to get countries on board over the past few months with reintroduction of sanctions against Iran, but apart from Saudi Arabia and the Israeli regime, no one has got on board.

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The deputy foreign minister for political affairs, Araqchi, described America's withdrawal from the JCPOA as "illegal, and a clear violation of UN security council resolution 2231", adding: "Unlike US president Donald Trump, the international community wants to see the full implementation of both the nuclear deal, (JCPOA) and security council resolution 2231."

On November 5, Iranian Foreign Minister said the United States' unilateral withdrawal from a multilateral nuclear with Iran shows how much the deal serves Iran's interests.

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Elsewhere in his comments Araqchi referred to the setting up of a special financial channel, known as a special purpose vehicle (SPV), to facilitate trade between Iran and the European Union, saying the SPV   is in its final stages and is almost ready.

Araqchi also said a working group meeting between experts from Iran and Europe will be held on Wednesday 7 November in Europe, and legal, banking, finance and energy experts from all sides will attend this meeting.  

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Pointing to the start of a second round of US sanctions against Iran, Araqchi poignantly said: "The Iranian people will never abandon their principles and  logical stances. No amount of intimidation or sanctions will achieve that !!"  

On Sep 18, Iranian Foreign Minister Zarif has said "As far as the nuclear deal (JCPOA) is concerned, Iran is waiting for implementation of practical steps by Europe.

The first round of American sanctions took effect in August, targeting Iran's access to the US dollar, metals trading, coal, industrial software, and auto sector.

France, Germany, Britain and the European Union issued a joint condemnation of the United States’ move to place fresh sanctions on the Iranian economy, vowing to protect European companies doing "legitimate" business with Tehran.

Second round of US sanctions targets Iran's oil and financial sectors, and came into force on 5 November. 

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