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Five Major Powers to Establish Mechanism Pay Iran’s Exports

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Five Major Powers to Establish Mechanism Pay Iran’s Exports

Disgruntled with US President Donald Trump’s pressure to isolate Iran, Washington’s traditional allies including France, UK and Germany plus Russia and China have promised to establish a ‘special purpose vehicle’ to facilitate payments for Tehran’s exports.

The ministerial level representatives from the remaining parties of the 2015 Iran nuclear deal, also known as JCPOA, met with Iranian foreign minister Mohammad Javad Zarif at United Nations headquarters in New York on Monday as part of their efforts to salvage the deal.

According to Tehran based Press TV. Federica Mogherini, the Chief of  European Union’s Foreign Policy and Iranian Foreign Minister Mohammad Javad Zarif held a joint press conference to elaborate on the results of a meeting between the remaining parties of JCPOA, namely France, the UK, Germany, Russia, China, and Iran.

According to a joint statement issued by the participants and read out by Mogherini and Zarif during the press conference, the meeting “took stock of the process of finding and operationalizing practical solutions for issues arising from the unilateral withdrawal of the US from the agreement and the re-imposition of the sanctions lifted under the JCPOA and its Annex II.”

The statement further said, “Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a special purpose vehicle to facilitate payments related to Iran’s exports, including oil, and imports, which will assist and reassure economic operators pursuing legitimate business with Iran.”

Five Major Powers to Establish Mechanism Pay Iran’s Exports

It said, “The participants reaffirmed their strong will to support further work aimed at the operationalization of such a Special Purpose Vehicle as well as continued engagement with regional and international partners.”

The statement said that the participants also “welcomed the fact that updates to the EU’s “Blocking Statute” and the European Investment Bank’s external lending mandate to make Iran eligible entered into force on 7 August.”

Iran’s official news agency IRNA reports from New York that the ministerial meeting of Iran and P4+1 was held in the United Nations to discuss the problems faced with implementation of the nuclear deal following US unilateral withdrawal. Before the US withdrawal, the deal used to be known as P5+1 deal, having five permanent members of UN Security Council plus Germany as its signatories.

Read More: US Still Studying On Possible Iran Sanctions Waivers

In May this year, the US President Donald Trump had announced Washington’s withdrawal from the multi-lateral deal. Since then US is working to re-impose its sanctions on Tehran and push the world to cut trade with Iran. First layer of sanctions were imposed in early August while the second layer of tougher sanctions are scheduled to be imposed on November 4.

According to Iranian media reports, the EU has already offered Iran a support package to compensate for the US pullout, which obliges the European Investment Bank to support EU firms willing for trading with Iran.

The participants in the Monday New York meeting have also recognized that “Iran has continued to fully and effectively implement its nuclear-related commitments as confirmed by 12 consecutive reports by the International Atomic Energy Agency (IAEA), and reiterated the need to continue to do so.”

The Participants said they will continue to support the modernization of Iran’s Arak nuclear research reactor as part of the JCPOA and the conversion of the Fordow facility in a nuclear, physics, and technology centre.

Read More: Khamenei: Iran, Russia can jointly contain US

The meeting between the remaining parties to the Iran nuclear deal came after bilateral talks between Zarif and Mogherini, during which the latter said Europe is finalizing its offers to meet Iran’s demands in a bid to save the deal.

Earlier this month, Bahram Qassemi, the spokesman for Iran’s Foreign Ministry had noted that the offers made by Europeans to save the deal had so far failed to meet Tehran’s expectation. However, he said that Tehran was still hopeful Europe could convince it to remain in the deal.

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Hindu man lynched and set on fire in Bangladesh during anti-India protests

A Hindu man was lynched and set on fire in Bangladesh’s Mymensingh district amid rising anti-India protests after the death of a radical student leader.

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Hindu man set to fire in Bangladesh

A disturbing incident of mob violence against a minority community has been reported from Bangladesh, where a Hindu man was lynched and his body set on fire amid escalating anti-India protests following the death of a radical student leader.

Mob lynching reported from Mymensingh district

A 30-year-old Hindu man, Dipu Chandra Das, was lynched by a mob in Bhaluka Upazila of Mymensingh district after allegations surfaced that he had insulted Islam. According to media reports, the incident took place on Thursday night at an industrial area where Das was employed.

Das was accused of making derogatory remarks about Islam and Prophet Muhammad during an event organised at his workplace to mark World Arabic Language Day. The allegations spread rapidly within the factory premises and nearby areas, leading to heightened tension.

Eyewitness accounts cited in media reports said Das was assaulted by an angry crowd and died on the spot. After his death, the mob allegedly tied his body to a tree, beat it while raising slogans, and later set it on fire.

Body burnt at multiple locations, traffic disrupted

The violence did not stop there. Reports suggest the mob later moved Das’s body to a nearby bus stand area and again set it ablaze. Subsequently, the body was taken to the Dhaka–Mymensingh highway, where it was burned once more, leading to panic among locals and a temporary disruption of traffic on the busy stretch.

Confirming the incident, the local administration said a person was killed following allegations of insulting the Prophet. Officials added that the body has been taken into police custody and the situation is being monitored.

Interim government condemns violence

The lynching took place against the backdrop of widespread protests across Bangladesh following the death of Sharif Osman Hadi, a prominent leader linked to the July Uprising. The Muhammad Yunus-led interim government strongly condemned the killing, stating that there is no place for such violence in the country.

In an official statement, the government appealed to citizens to reject hatred and violence, stressing that those responsible for the crime would not be spared.

Anti-India sentiment intensifies after Hadi’s death

Tensions have been high in Bangladesh since Hadi’s death, with protests, vandalism and arson reported in several cities. Demonstrators targeted prominent media offices and symbolic locations linked to the country’s political history.

Hadi was known for his sharp criticism of India and the former prime minister, whose government was ousted during last year’s uprising. Groups formed after the political upheaval have been actively mobilising street protests and campaigns that fuel anti-India sentiment, particularly after the former premier went into exile in India.

The lynching of Dipu Chandra Das has further raised concerns over the safety of minority communities amid the ongoing unrest in the country.

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Bangladesh rocked by violent protests after student leader Sharif Osman Hadi’s death, anti-India slogans raised

Bangladesh has witnessed widespread violence and protests following the death of student leader Sharif Osman Hadi, with arson, anti-India slogans and a nationwide security clampdown.

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Bangladesh

Violent protests erupted across Bangladesh after the death of student leader and political figure Sharif Osman Hadi, triggering fresh instability in the country and a sharp rise in anti-India sentiment. The situation turned volatile in Dhaka and several other cities as thousands of demonstrators poured onto the streets demanding swift action against those responsible for his killing.

Hadi, 32, was shot in the head by masked assailants while launching his election campaign in Dhaka last Friday. He was later airlifted to Singapore for treatment, where he succumbed to his injuries. Known for his polarising views and strong anti-India rhetoric, Hadi had emerged as a prominent face during the 2024 student uprising that led to the ouster of former prime minister Sheikh Hasina.

Fires, arson and tense streets in Dhaka

Soon after news of Hadi’s death broke, protests intensified in the Bangladeshi capital. Several buildings, including those housing leading media organisations, were set on fire, with authorities confirming that staff members were trapped inside during the blaze. Fire services later said the situation was brought under control, while security forces were deployed in large numbers to prevent further violence.

Demonstrators were seen chanting slogans invoking Hadi’s name, vowing to continue protests until those behind the attack were arrested. Multiple areas in Dhaka remained tense late into the night as police and paramilitary units attempted to restore order.

Protests spread, Indian mission targeted in Chittagong

Violence was not limited to the capital. In the port city of Chittagong, protesters gathered outside the Indian Assistant High Commission, raising anti-India slogans amid heightened anger on the streets. Similar unrest was reported from other parts of the country, signalling the widening scale of the crisis.

In Rajshahi, demonstrators torched Bangabandhu Sheikh Mujibur Rahman’s residence and an Awami League office, causing extensive damage. Authorities have not yet released a detailed assessment of losses, but security has been tightened across sensitive locations.

Anti-India sentiment deepens diplomatic strain

The latest unrest comes amid deteriorating ties between India and Bangladesh following Sheikh Hasina’s flight to Delhi. Earlier in the week, protesters under the banner of “July Oikya” marched towards the Indian High Commission in Dhaka, demanding Hasina’s return and raising hostile slogans against India.

India has formally conveyed its concerns to Dhaka over threats to its diplomatic missions and inflammatory statements by Bangladeshi political figures. New Delhi has rejected allegations linking India to the attack on Hadi, calling such claims false and misleading.

Yunus calls for calm, state mourning announced

In a televised address, interim chief Muhammad Yunus described Hadi’s death as an “irreparable loss” to Bangladesh’s political and democratic space. He urged citizens to exercise restraint, warning that continued violence could derail the country’s path towards a credible election.

The interim administration has announced a day of state mourning in Hadi’s honour, with national flags to fly at half-mast and special prayers planned nationwide. Bangladesh has been under an interim government led by Yunus since August 2024, with national elections scheduled for February 12.

India issues advisory for its nationals

Amid the unrest, the Indian High Commission in Dhaka issued an advisory asking Indian nationals in Bangladesh to avoid non-essential travel and limit movement outside their residences. Emergency contact details of Indian missions have been shared for assistance.

Manhunt launched for attackers

Bangladesh police have launched a manhunt for those behind Hadi’s killing, releasing photographs of two suspects and announcing a reward of five million taka for information leading to their arrest. Yunus has described the attack as a premeditated attempt by a powerful network to sabotage the electoral process.

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India closes two more visa centres in Bangladesh amid worsening security concerns

India has temporarily closed visa application centres in Rajshahi and Khulna, citing security concerns following protests near Indian establishments in Bangladesh.

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India closes two more visa centres in Bangladesh amid worsening security concerns

India has shut two additional Indian Visa Application Centres (IVACs) in Bangladesh — in Rajshahi and Khulna — citing the prevailing security situation in the country. The move comes a day after protests were held near the Indian High Commission in Dhaka by radical groups, raising concerns over safety around Indian establishments.

An official notification issued on the IVAC website said the centres in Rajshahi and Khulna were closed on December 18 due to security reasons. Applicants who had appointments scheduled for the day have been assured fresh slots at a later date.

The decision follows the temporary shutdown of the visa application centre in Dhaka earlier, even as New Delhi flagged a rise in open hostility towards India, particularly targeting the northeastern region, under the interim government led by Muhammad Yunus.

Bangladesh rejects India’s security assessment

Bangladesh’s Foreign Affairs Advisor Touhid Hossain dismissed India’s concerns and denied any deterioration in law and order. He distanced the interim administration from recent inflammatory remarks made by National Citizen Party (NCP) leader Hasnat Abdullah, who had publicly threatened to cut off India’s “seven sisters” and also issued comments against the Indian High Commissioner.

Hossain said the individual was not part of the government and termed his statements irrelevant. He also claimed that security arrangements were in place and that the shutdown of the Dhaka visa centre coincided with a local programme, which raised security-related questions.

Political backdrop and India’s response

The NCP, which emerged from student-led protests that led to the fall of the previous Awami League government, has extended support to the Yunus-led interim setup. Though the party has limited political presence, radical elements associated with it have organised anti-India demonstrations in Dhaka.

India, in an earlier statement, urged the interim government to ensure internal law and order and hold peaceful elections so that Bangladesh can return to an elected administration. However, the interim government appeared dismissive of this advice, with Hossain stating that India need not advise Dhaka on conducting elections.

Observers in Bangladesh have pointed out that delays in elections could benefit the unelected interim government, while radical groups may attempt to create disruptions by projecting India as a hostile actor. New Delhi has so far maintained a measured stance, despite remarks that directly question India’s sovereignty and territorial integrity, particularly in the northeastern region.

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