Iran and European Union attempt to salvage deal

EU vows to block blow of US Iran sanctions

EU vows to block blow of US Iran sanctions

Donald Tusk, the EU president, urged leaders meeting in Bulgaria to form a "united European front" against Trump's withdrawal from the Iranian nuclear deal and his move to impose trade tariffs on Europe.

"On the Iran nuclear deal, we unanimously agreed that the European Union will stay in the agreement as long as Iran remains fully committed to it".

European Commission president Jean-Claude Juncker at the dinner on Wednesday night described the state of play in recent talks between trade commissioner Cecilia Malmström and her USA counterpart, Wilbur Ross.

"Everybody in the European Union shares the opinion that the Iran agreement is not ideal, but that we should still remain in this agreement and that we should do further negotiations with Iran on the basis of this agreement", Merkel told reporters as she entered the summit.

EU to activate law that bans European companies from complying with United States sanctions against Iran.

In language similar to this week's French statement, a Chinese foreign ministry spokesperson said the People's Republic was committed to the deal and would "maintain communication with all parties and continue to protect and execute the agreement fully".

This comes amid the 90-day and 180-day wind-down periods set by Trump for necessary measures to be taken by the US department to re-effectuate the sanctions on Iran, and thus accordingly for European companies to halt business deals in the targeted country.

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India, government sources told The Business Standard, is yet to seek any specific exemptions from sanctions, though one senior official said some preliminary discussions had taken place. "We're not going to be the allies of Iran against the United States of America".

Jaipuriyar added that since South Korea and Japan are USA allies they "would be keen to abide by the Trump administration's foreign policies as they require US support and influence in their quest to completely denuclearize North Korea and improve diplomatic and economic ties with Pyongyang this year".

The EU's proposals are its most assertive yet in dealing with the U.S., whose withdrawal from the 2015 agreement threatens to scupper the treaty and has anxious leaders it could put Iran back on a path to developing nuclear weapons.

The prospect has rankled many European countries, particularly France and Germany, that have built extensive trade ties with Iran since the deal was signed.

In an email interview, Thijs Van de Graaf, an assistant professor of global politics at Ghent University in Belgium, discusses the evolution of Iran's oil and gas sector since the JCPOA, and the implications of the reimposition of us sanctions for Iran and its partners.

Lithuanian President Dalia Grybauskaite, meanwhile, acknowledged that the pact with Iran, following the USA decision to unilaterally abandon it, was "damaged".

The leaders have gathered in Sofia for what has become a crisis meeting to save the deal from collapse.

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