Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on March 14, 2025

Featured image for article about Finance

By Ryan Woo and Xiuhao Chen

BEIJING (Reuters) - China and Russia stood by Iran on Friday after the United States demanded nuclear talks with Tehran, with senior Chinese and Russian diplomats saying dialogue should only resume based on "mutual respect" and all sanctions ought to be lifted.

In a joint statement issued after talks with Iran in Beijing, Beijing and Moscow also said they welcomed Iran's reiteration that its nuclear programme was exclusively for peaceful purposes, and that Iran's right to peaceful uses of nuclear energy should be "fully" respected.

In 2015, Iran agreed to curb its nuclear programme in exchange for the lifting of international sanctions in a deal with the U.S., Russia, China, Britain, France and Germany. But in 2018, Donald Trump, a year into his first term as U.S. president, pulled out of the pact.

"(China, Russia and Iran) emphasised that the relevant parties should be committed to addressing the root cause of the current situation and abandoning sanction, pressure or threat of force," China's Vice Foreign Minister Ma Zhaoxu told reporters after the meeting.

China, Russia and Iran also emphasised the necessity of terminating all "unlawful" unilateral sanctions, Ma said.

Ma's meeting with Russian Deputy Foreign Minister Sergei Ryabkov and Iran's Deputy Foreign Minister Kazem Gharibabadi came days after Tehran spurned U.S. "orders" to resume dialogue over the nuclear programme.

Last week, Trump said he had sent a letter to Iran's Supreme leader Ayatollah Ali Khamenei proposing nuclear talks, adding that "there are two ways Iran can be handled: militarily, or you make a deal".

Iranian President Masoud Pezeshkian responded that he would not negotiate with the U.S. while being "threatened", and Iran would not bow to U.S. "orders" to talk.

Iran was further enraged after six of the United Nations Security Council's 15 members - the U.S., France, Greece, Panama, South Korea and Britain - held a closed-door meeting this week to discuss its nuclear programme. Tehran said the meeting was a "misuse" of the U.N. Security Council.

Iran has long denied that it is working on developing a nuclear weapon. But the International Atomic Energy Agency warned last month that Tehran was "dramatically" accelerating enrichment of uranium to near the roughly 90% weapons-grade level.

(Reporting by Ryan Woo; Editing by Himani Sarkar and Kate Mayberry)

Recommended for you

  • Thumbnail for recommended article

  • Thumbnail for recommended article

  • Thumbnail for recommended article

;