Iran hails 'constructive meeting' with European Union on nuclear deal

Britain will attempt to save the Iran nuclear deal after Donald Trump pulled the U.S. out of the agreement, as hurried talks are held between Boris Johnson and his counterparts. The regime's dictator Kim Jong-Un never trusted the United States and is unlikely to follow through with an agreement in any case, the former Obama official said. "It might take some time".

He also said Iran would not surrender to US pressures.

Meanwhile, EU imports from Iran increased by 83.9 percent past year.

Moreover, as the seventh largest oil exporter in the world, Iran was able to sell its crude to countries such as China, India, South Korea, Italy, Turkey, Switzerland and Greece unimpeded.

"What is important is to safeguard the current contracts", a French presidency source said earlier this week.

Arriving in the Belgian capital, Mr Johnson said: "We think it (the JCPOA) has value, we continue to believe in it even though America has made a decision to walk away".

Options under consideration include measures described as "confidence-building and trust-enhancing" to reassure companies and Iran that business can continue.

"With such destructive measures, the American government is trying to influence the will and decision of the remaining signatories of the JCPOA (nuclear agreement)", Iranian Foreign Ministry spokesman Bahram Qasemi was quoted as saying by Fars news agency.

The US has given companies a 180-day wind-down period before the sanctions are reimposed on Iran. Trump has said that the U.S. will impose the highest level of economic sanctions against Iran, claiming that "this will make America much safer".

The EU is also looking at how it could develop special financing vehicles for doing business with Iran. We are operating in a very hard context ...

"We have a major problem", said Karine Berger, a former French MP, who was in 2016 the rapporteur of a French National Assembly report on USA extraterritoriality legislation.

"He is hopeful we can continue strong cooperation", she added.

All sides were aware that urgent solutions are needed, the EU's top diplomat added, "not for the sake of a calendar but because if you want to save this deal.we know that the sooner we manage to do it, the better".

Among them is the possible use of an EU "blocking regulation" which would, in essence, ban European companies from respecting American sanctions where those sanctions might damage EU interests, notably trade and the movement of capital.

"We had a useful meeting". And as Saudi Arabia, one of Iran's biggest regional rivals, could step in to replace the entirety of Iran's oil exports to Europe if necessary, the White House may choose not to issue any waivers at all to applicants intent on importing energy.

"I'm privy to the information that the European Union is going to shift from dollar to euro to pay for crude from Iran", the diplomatic source reportedly told Russian news agency RIA Novosti. "Everything is already written there", she said.

Mogherini said the talks must be turned into concrete solutions within weeks to save the 2013 agreement, which lifted economic sanctions in return for limits on Iran's nuclear programme.

Until now, she said, "many European Union leaders didn't see to what extent the issue would become so important".

  • Leroy Wright