Iran, Russia, China, EU 'Will Work to Salvage Nuclear Deal'

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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. "All agreed that much remains to be done in coming weeks to practically guarantee economic benefits for Iranian people".

French president Emmanuel Macron held phone talks with his Russian counterpart Vladimir Putin on Tuesday, and the Kremlin said they had "confirmed Russia and France's commitment to make the deal work".

If the nuclear deal is to stand, Tehran is seeking assurances that European Union trade with Iran will continue its path of growth, with or without the US. "But if we want to stay in this agreement and ensure that Iran stays in this agreement and abides to the terms of the agreement, then we need to talk about this", German Foreign Minister Heiko Maas said.

Trump denounced the accord, completed under his predecessor Barack Obama, because it did not cover Iran's ballistic missile program, its role in Middle East conflicts or what happens after the deal begins to expire in 2025. "But we still think that, with the agreement, we would have better preconditions to speak with Iran about further agreements than by unilaterally canceling an agreement that was unanimously approved and endorsed in the U.N. Security Council".

Mogherini agreed at the end of a long day of diplomatic meetings.

The EU's top energy and climate official, Commissioner Miguel Arias Canete, is heading to Iran on May 18-21 for talks on energy cooperation, a symbolic gesture from the EU that it wants to stay engaged despite the US withdrawal.

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"We have to be realistic about the electrified rail, the live wire of American extraterritoriality and how [it] can serve as a deterrent to business", Johnson told reporters in Brussels.

The Europeans and Iranians have now tasked experts to come up with measures quickly and will meet again in Vienna next week at a deputy foreign minister level.

EU President Donald Tusk said in a letter to EU leaders on May 15 that the summit would "reflect on recent global developments, in particular following President [Donald] Trump's announcement on Iran and trade".

The regulation, which has been brandished as a threat in the past but never used, was drawn up more than 20 years ago and would have to be revised.

The EU's top energy official, Commissioner Miguel Arias Canete, is meanwhile heading to Iran on May 18-21 for talks on energy cooperation, a symbolic gesture from the EU that it wants to stay engaged despite the US withdrawal.

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