Wed May 16th, 2018 at 09:30:12 PM EST
Ahead of a summit of EU leaders, Donald Tusk criticizes Trump for US actions | DW |
The EU is hoping that Iran will continue to obey the rules of the agreement as long as enough of the economic benefits promised in the deal are preserved. The Iran nuclear deal aims to prevent Tehran from developing a nuclear bomb.
"I would like our debate to reconfirm without any doubt that as long as Iran respects the provisions of the deal, the EU will also respect it," Tusk said.
But the EU's hopes have been complicated by the fact that European companies would also be exposed to US sanctions imposed on anyone doing business in Iran.
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EU Pledges Steps to Salvage Iran Oil Shipments `Within Weeks' | Bloomberg |
The European Union set out to identify "practical solutions" for salvaging the Iran nuclear accord within weeks, as the bloc strives to contain the fallout from President Donald Trump's decision to pull the plug from the landmark deal.
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. The experts will also propose ways to avert disruptions in air, sea and land transport from and to Iran and keep channels open for "effective banking transactions."
While members of the Trump administration have advised European companies to stop doing business with Iran now, Mogherini said the European aim was "maintaining and deepening economic relations with Iran."
"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. Both the EU and Iran have vowed to keep implementing the deal, despite the threat of U.S. sanctions after Trump's decision to withdraw.
EU leaders will debate their reaction over a dinner meeting in Sofia on Wednesday, while the bloc's executive arm will discuss the technical preparations in a meeting also on Wednesday.
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