The European Union is prepared to institute a so-called blocking statute to protect European companies if the Trump administration re-imposes sanctions following the U.S.'s withdrawal from the Iran nuclear deal, EU Home Affairs Commissioner Dimitris Avramopoulos said. The agreement saw decades-long worldwide sanctions lifted in exchange for Iran curbing its controversial nuclear program.
French energy giant Total joined other European companies in signalling on Wednesday they could exit Iran, casting doubt on whether European leaders meeting to try to salvage the Iran nuclear deal can safeguard trade with Tehran.
His decision have left the future of the internationally signed Nuclear Deal with Iran in question.
All other parties have the regretted USA decision and announced that they would remain in the agreement. "We will have to see whether our remaining participants in the JCPOA can deliver those benefits to Iran, " he said.More news: Just In: National Assembly Receives 2018 Budget Report
The US has announced new sanctions on Iran, including on the country's central bank head.
Trump has also broken with a key global principle of Middle East peace efforts by moving the US embassy in Israel to Jerusalem from Tel Aviv.
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.
"We agreed over the importance of full implementation of the nuclear deal and preserving the interests of Iran and all those remaining parties", he said.More news: Officer saved lives by facing school gunman
The 28 leaders will also discuss the deaths of dozens of Palestinians in Gaza after Trump moved the U.S. embassy to Jerusalem, in another move that the Europeans had strongly opposed.
Merkel said the Europeans aren't "blind" to threats posed by Iran's activities in Syria to Israel, for example. Instead, they were working to keep Iran in the deal at all and find ways to compensate Tehran for doing so.
In addition, according to Mogherini, the European countries along with Iran has already begun "intensive expert discussions" in the coming weeks to work out a solution on how to develop cooperation with Tehran in the background of the United States.
In Moscow, Deputy Foreign Minister Sergei Ryabkov said Russian Federation supported an European Union proposal to hold a meeting on the Iran deal in Vienna, Interfax news agency said.More news: Apple Wants $1 Billion From Samsung In Damages Retrial
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