Merkel and Macron vow to save Iran nuclear agreement

Merkel and Macron vow to save Iran nuclear agreement

Meanwhile, the USA treasury has already imposed new sanctions on the governor of the Iranian central bank, Valiollah Seif, and the Iraq-based Al-Bilad Islamic Bank -for allegedly moving millions of dollars to Hezbollah on behalf of Iran's Revolutionary Guards.

The United Nations Secretary-General Antonio Guterres (confirmed socialist) on Wednesday threw his weight behind the European Union (EU) in salvaging the landmark Iran nuclear deal.

French President Emmanuel Macron said the bloc was working to keep the existing agreement alive "so that our businesses can remain" in Iran.

An EU source said after the talks the leaders agreed to start "work to protect European companies negatively affected by the US decision".

"International companies with interests in many countries make their own choices according to their own interests", he said.

European countries are committed to guaranteeing the interests of European businesses in Iran after USA sanctions are imposed, Zaharieva said.

The company added that it will not be able to continue operations unless it is given a project waiver by U.S. authorities, with the support of French and European authorities.

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British, French and German foreign ministers vowed to try to keep Iran's oil and investment flowing after a meeting with their Iranian counterpart on Tuesday but admitted they would struggle to provide the guarantees Tehran seeks.

Zaharieva said that the European Union does not want a trade war with the USA, while it could not negotiate under pressure.

Belgian Prime Minister Charles Michel, left, greets European Commission President Jean-Claude Juncker during a round table meeting of EU and Western Balkan heads of state at the National Palace of Culture in Sofia, Bulgaria, Thursday, May 17, 2018. But they argue that the nuclear deal is the way to stop the increasingly influential regional power from obtaining an atomic weapon.

"The question is whether you can talk better if you terminate an agreement or if you stay in it ... we say you can talk better if you remain in it", she told the Bundestag, the lower house of parliament.

The Iran nuclear deal will also be discussed during the next Foreign Affairs Council on May 28.

"Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with United Nations resolutions and US, EU and French legislation applicable at the time", the statement said.

"Trump played his first card, but miscalculated the second move", Rouhani was quoted as saying by the ISNA agency.

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