Russia, Iran discuss nuclear deal after USA withdrawal

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Trump's decision a week ago to renege on the 2015 nuclear accord with Iran and reimpose sanctions against Tehran came with the threat of penalties against any foreign firms involved in business there.

Europe seemed to have realized Trump's plan to come up with a better deal is not feasible, considering the long and turbulent history of the JCPOA, and given the current situation, if not fixed promptly, the region might face the risk of a war or a nuclear arms race. "As those sanctions kick in, it will have an even broader effect as well", he said.

Basravi said the Rouhani government's "political health ... hangs in the balance" as the administration has "married itself to this deal and championed it as the answer to all" of the country's economic woes.

"[New Zealand companies] will lose in this sanction, we can buy, for example butter, from many other countries, that is why it is not in favour of New Zealand, it will not serve the New Zealand companies' interests".

"A lot of companies in the aeronautical, pharmaceutical, energy and vehicle sectors have invested in a significant way in Iran and some have concluded contracts in good faith which must be respected", Le Maire told reporters following the meeting. Imports totalled $6.8 million, with dates contributing over half.

Despite complaints in European capitals, Mr. Bolton suggested that European allies might agree to new USA approach once they digest Mr. Trump's decision and face the threat of sanctions.

The European Commission has been examining measures to counter the introduction of any USA sanctions that might harm European businesses and is expected to unveil them to EU leaders at a summit in Sofia, Bulgaria, on Wednesday. "It depends on the conduct of other governments".

"I think that it was a mistake to rip up the agreement, and we should've built on the agreement rather than stepping backwards", Paul said.

And regardless of Bolton's tough line on potential sanctions, Secretary of State Mike Pompeo suggested there was hope for a new nuclear deal with Iran that could "protect the world".

"Principally, New Zealand must reject [the sanctions] but they declare they're going to obey European Union countries, I think they will have the same policy that European Union will have in the coming weeks".

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BORIS Johnson final night time insisted the Iran nuclear deal nonetheless "has worth" as he held disaster talks with European Union counterparts and Iran in a bid to reserve it. The minister said he wanted France, Germany and Britain to reach out to the US administration and ask for "exemptions, additional deadlines, or to respect the contracts that have been agreed in good faith by our businesses in Iran".

"It's not yet clear to us or to Europe what that means in respect of existing export levels in the eyes of the United States", Mr Parker said.

Le Maire said he was seeking USA exemptions for French countries already present in Iran, including Renault, Total, Sanofi, Danone, and Peugeot.

Speaking to reporters after talks with Mogherini, Zarif struck an optimistic note.

Trump's withdrawal from the JCPOA has come at a particularly sensitive moment for global relations.

At a dinner among the four countries' foreign ministers and the EU's top diplomat, the European powers will say that they stick by the terms of the 2015 pact giving Iran sanctions relief in return for an end to its nuclear ambitions.

In spite of the USA exit, Britain and Iran on Sunday expressed their commitment to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office.

Trump's action has been met with dismay among America's allies in Europe and Asia and with scathing criticism and opprobrium in the United States political circles and the liberal press.

French President Emmanuel Macron held phone talks with his Russian counterpart Vladimir Putin on Tuesday, according to a Kremlin statement, which said they had "confirmed Russia and France's commitment to make the deal work".

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