Merkel Teams Up with Putin to Save Iran Deal

Merkel Teams Up with Putin to Save Iran Deal

The foreign ministers of Germany, France and the United Kingdom - three European signatories of the 2015 deal with Iran - are scheduled to meet their Iranian counterpart Javad Zarif on Tuesday in Brussels.

Ushakov said Putin will discuss the USA withdrawal from the Iranian deal with German Chancellor Angela Merkel and French President Emmanuel Macron, who are set to visit Russian Federation later this month.

While Ushakov noted that the pact's signing had been planned for long time, the move coincides with the USA exit from the 2015 nuclear deal with Iran that set the stage for re-imposing painful economic sanctions against Iran and rattled many US allies.

The comments come as the US President Donald Trump pulled his country out of the deal on Tuesday evening.

French exports to Iran doubled to 1.5 billion euros ($1.79 billion) a year ago, driven by jets and aircraft and automobile parts, according to customs data.

German Finance Minister Olaf Scholz spoke with his U.S. counterpart Steve Mnuchin in order to secure an exemption for German firms from the sanctions penalties, according to a report from German newspaper Handelsblatt on Friday. That puts many European companies in the crosshairs.

Germany, France and Britain all are signatories of the 2015 deal, which was meant to stop Iran from developing nuclear weapons in exchange for the lifting of economic sanctions.

The group will meet again in Vienna next week at the level of deputy foreign ministers in a special format within the nuclear deal on Iran's request and without the United States, which abandoned the accord last week.

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The White House backed Israel's claims, accusing Iran of "reckless actions" that posed a "severe threat" to stability in West Asia.

Russian Federation and Iran sought to strengthen their business ties long before the 2015 agreement, despite global sanctions in place.

Zarif's statement said that with the USA withdrawal from the deal, Iran is prepared to embark on the 2025 enrichment project now.

"I don't see any simple solution to shield companies from all the risks of American sanctions", Maas told the German newspaper Bild am Sonntag.

The European Union exported almost €11 billion ($13 billion) in goods to Iran in 2017, a 66% increase from 2015. It asked Europe's Airbus plane manufacturer to announce whether it will go ahead with a deal to sell Iran dozens of passenger planes following the US pullout. Companies like French oil giant Total and the car-maker Renault have investments in Iran.

"Already this week, the IRGC (Revolutionary Guards) has fired rockets at Israeli citizens, and Iran's proxies in Yemen have launched a ballistic missile at Riyadh", it said.

Meanwhile, Russia moved on May 10 to accelerate planned economic ties with Iran.

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