Zarif said little to reporters Tuesday but suggested he wanted to discuss the deaths of dozens of Palestinians in Gaza as well as the nuclear deal, which U.S. President Donald Trump withdrew from last week. If they're going to see that it's not in their interest to stay in the deal; we're going to have to watch what the Iranians do.
But European diplomats briefed on the Brussels meeting acknowledged that the EU support, however honest, risked looking hollow after Trump last week reimposed an array of wide sanctions on the Islamic Republic that will hit European companies investing in Iran.
On Wednesday, EU leaders will hold a dinner before a European Council meeting in Sofia at which they will discuss options to protect European businesses. "She said it was important to avoid provocative actions to ensure peace and security in the region", BBC reported.
I was disappointed in the latest column from Donnie Johnston [U.S. loses its honor when it breaks its word, May 12, 2018]. "The ministers agreed to maintain tight bilateral contacts on this issue".
New Zealand exported $120 million of goods to Iran previous year, with dairy products making up three-quarters of that.
Among things the European Union could consider, he said, are reinforcing a 1996 "blocking statute" that could allow companies to ignore sanctions.
Germany's minister for economic affairs, Peter Altmaier, said on Sunday that Berlin would try to "persuade the USA government to change its behavior".
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But the reach of the U.S. financial system, the dominance of the USA dollar, Trump's efforts to weaken the WTO and the presence of European companies' operations in the United States all weaken any potential EU measures.
Trump's decision on Tuesday 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.
Both countries have asked the U.S. Treasury Department to consider exempting their companies from the sanctions. However, secondary USA sanctions against Iran were never lifted. The bank's CEO and deputy CEO were forced out in the wake of what was then the highest fine ever imposed on a foreign lender by American authorities. Among the adversely affected are European firms, whose dealings with Iran jacked up the value of EU-Iran trade from $9.2 billion in 2015 to $25 billion in 2017.
Their efforts focus on nine key areas including maintaining economic ties with Iran, continuing Iran's ability to sell oil and gas products and protecting European Union companies doing business in Iran. "It's clear that there should also be economic incentives - that will not be easy after the US decision", Maas said.
The sanctions will target critical sectors of Iran's economy, including petrochemicals, energy and finance.
The US withdrawal from the Iran deal has upset Washington's European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the Middle East.
In the wake of the US President's controversial decision, Mr Johnson told the House of Commons that Britain "has no intention of walking away" from the Joint Comprehensive Plan of Action (JCPOA). He said Europe "is not capable of reacting to those extraterritorial measures".
That appears unlikely after Mnuchin said this week that he intends to revoke licenses for the Airbus sales as well as planned plane sales by USA manufacturer Boeing.