Iran, EU meet to try to save nuclear deal

15 May 2018, 10:20 | Isaac Mcdaniel

Europe Steps Up Efforts to Salvage Iran Accord Ditched by Trump

US President Donald Trump speaks during a Cabinet Meeting in the Cabinet Room of the White House in Washington DC

Iran and China have agreed to cooperate to maintain the Iranian nuclear deal.

European companies did not have an immediate have a reaction to possibility that they would have to cease operations in Iran or be barred from doing business with the US other than to say in statements that they were monitoring the situation.

Changing the regime in Iran is "not the policy of the administration, " Bolton said on ABC.

Trump has said that he would reinstate USA nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic. Iranian military spending "increased alongside overall government spending - not in a silo on its own", the newspaper goes on to say, adding that "the nuclear accord has contributed to the overall increase in spending - including the increase in military spending - since it lifted sanctions and allowed for a rise in oil production and exports".

Media captionWhat is the Iran nuclear deal?

The European Union's chief diplomat said on Tuesday that the bloc was determined to preserve the Iran nuclear deal.

After the Chinese capital, Zarif will attend talks in Moscow and Brussels with representatives of the pact's other signatories.

Meanwhile, European diplomats in Tehran fumed that Trump's decision to withdraw from the nuclear deal could undermine years of patient work to restore commercial and diplomatic ties with the Islamic Republic.

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Major European powers sought Tuesday to keep Iran in a landmark worldwide nuclear agreement after President Donald Trump pulled the USA out of the pact and promised tough economic sanctions against Tehran. Though the president says he wants to negotiate a new deal, the United States has nearly no leverage to pull that off.

Iran's main concern is that renewed US sanctions will have a far-reaching impact on the willingness of non-American companies and banks to deal with Iran, crippling its trade, oil exports and an already strained economy.

A number of European companies, including Airbus, Siemens and Total, had established operations in Iran since the signing of the deal.

The head of the influential Revolutionary Guards, Mohammad Ali Jafari, said: "I hope recent events will lead us to end our trust in the West and the Europeans".

Theresa May reiterated the UK's position on the Iran deal during a phone call with President Trump on Friday, and noted the commitment from the United Kingdom and European partners in preventing Iran from developing a nuclear weapon.

If the USA punishes European companies for doing business with Iran, foreign companies will likely walk away from Iran.

Bolton was tapped by President Donald Trump in March to replace H.R. McMaster and is considered a hard-liner on many global matters, including Iran.

Bolton expressed optimism that European allies will follow Trump's lead and exit the deal, despite the assertions of the leaders of France, the United Kingdom, and Germany that they intend to remain in the agreement.



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