European leaders step up efforts to save Iran nuclear deal

European leaders step up efforts to save Iran nuclear deal

European leaders step up efforts to save Iran nuclear deal

On May 8, President Trump announced the USA withdrawal from the Joint Comprehensive Plan of Action (JCPOA) or the Iran nuclear deal which limited the country's uranium enrichment in exchange for sanctions relief.

"If we want to save this deal, which is not an easy exercise, we know that the sooner we do it then the easier it will be", Mogherini said after meeting the foreign ministers of the U.K., France, Germany and Iran in Brussels. "One of the key things we will be talking about. we will be looking at all the ways that we can come up with to protect legitimate United Kingdom and European business who may want to trade with Iran".

European leaders step up efforts to save Iran nuclear deal

"We are working with our European Union colleagues and directly both with the USA and with the European Union to try and both protect our businesses as well as encourage the allow us to continue economic ties because we think that's important", she said.

Technical experts from both sides were commissioned to find ways to maintain oil shipments and to protect European companies doing business with Iran, EU foreign policy chief Federica Mogherini told reporters in Brussels late on Tuesday.

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"One thing very clear to us Europeans is that with the nuclear deal in place, we have better chance to address any other issue we have with Iran", she said. Iran's Foreign Minister Mohammad Javad Zarif said it remained to be seen if the five remaining signatories could deliver the benefits of the 2015 deal, which ended sanctions in return for Iran curbing its nuclear programme. The head of the bloc's executive, Jean-Claude Juncker of the European Commission, will also present options the leaders have to shield European investments in Iran and the slowly-reviving economic cooperation, which many EU states hope to benefit from.

France, Macron said, backed proposals by the European Commission to protect and compensate European companies that might be hit by US sanctions for trading with Iran.

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