Iran nuclear deal: France condemns United States move to re-impose sanctions

Trump’s policy might push Iran to conduct more ballistic missile tests. Credit Reuters

How Shell could be hit by Iran deal pull-out

European Union foreign policy chief Federica Mogherini said pulling out of the Iran nuclear deal was not a decision that could be taken exclusively by the U.S.

The remaining signatories to the deal-UK, France, Russia, China and Germany-have said that they will continue to enforce the deal.

The Iran nuclear deal was signed between six countries in 2015 - Iran, US, Britain, Germany, Russia, France and China for lifting economic sanctions on Tehran in exchange for limitations to the country's nuclear programme. Zarif will meet Tuesday with his counterparts from Germany, France and the United Kingdom in Brussels.

Japan's Foreign Minister Taro Kono said his country will support Iran nuclear deal and called on Tehran to stay in the deal, IRNA reports.

In the aftermath of Washington's pullout, Europeans are seeking ways to protect the interests of their firms doing business in Iran and help them escape the brunt of the upcoming U.S. sanctions.

Iran has stated that they intend in the form of an ultimatum demand that the European members of the security transaction.

Israeli airstrikes struck Iranian military installations inside Syria on Thursday - its biggest coordinated assault on Syria since the 1973 Mideast war - in retaliation for an Iranian rocket barrage on Israeli positions in the occupied Golan Heights.

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"As you know very well, we have many other disagreements", she said.

They would have to wind up investments by November or face USA sanctions.




He also accused Trump of "ignorance and folly". Citing data from the Stockholm International Peace Research Institute, the newspaper explained that Iranian military spending has increased by only about 30 percent from 2015, the year the Iran deal was reached, to last year. Even if the USA desire to renegotiate a new deal is actualised-a prospect Iran has dismissed-it is unlikely a new agreement could be reached soon (the original deal took 12 years of talks). For those companies with significant business in the U.S. - such as Shell and Total - those proposals may need to be shelved.

"I believe we're on the right track to move forward in order to ensure that interests of all the JCPOA remaining participants, particularly Iran, will be preserved and guaranteed", he told reporters.

Merkel said the Europeans aren't "blind" to threats posed by Iran's activities in Syria to Israel, for example.

Seif, whose role is equivalent to the Federal Reserve chairman in the USA, oversees major financial decisions in Iran.

"The people of Iran will with calm and confidence continue their path towards progress and development and the Government of the Islamic Republic of Iran has foreseen all necessary measures to facilitate this under any circumstance".

Mr Zarif is likely to seek assurances on European investments and the fate of a troubled 100-aircraft Airbus order following the United States decision to reinstate sanctions on the Islamic Republic, said analysts.

Le Maire proposed creating a European body that would have the same kind of powers that the U.S. Justice Department has to punish foreign companies for their trade practices.

Al-Bilad Islamic Bank and its CEO and chairman, Aras Habib, were also hit with USA sanctions, as was Muhammad Qasir, who the Treasury said is a Hezbollah official who has been a "critical conduit" for transferring funds to Hezbollah from the Revolutionary Guards.

Ultimately, it is up to Iran to decide whether to accept the agreement with limited benefits or imitate USA and depart.

German Economy Minister Peter Altmaier said he would work with affected companies to try to "minimise the negative consequences" of the United States move, adding: "That means, it is concretely about damage limitation".

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