Macron calls up Trump, expresses worry over his Iran nuclear deal move

Evarado Alatorre
May 17, 2018

"International companies with interests in many countries make their own choices according to their own interests".

British Foreign Secretary Boris Johnson said before the meeting in Brussels that "the United Kingdom and our European partners continue to view the nuclear deal as vital for our shared security, and remain fully committed to upholding it". "The 2015 deal is an important element of peace and security in the region, and we chose to back it regardless of the USA decision", he stressed.

Bulgaria's Prime Minister Boyko Borissov, France's President Emmanuel Macron, British Prime Minister Theresa May and Germany's Chancellor Angela Merkel walk during the EU-Western Balkans Summit in Sofia, Bulgaria, May 17, 2018.

However, EU officials say there is no easy way to protect EU firms from US sanctions and that it will take time for the bloc to devise what will likely be a complex mix of national and EU-level measures.

U.S. President Donald Trump's decision to abandon the 2015 nuclear accord with Iran means European countries that have since invested in the country will be at risk once new sanctions come into effect.

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Sanctions are already beginning to bite with French energy giant Total preparing to pull out of a billion dollar gas project in Iran.

Washington has given European firms doing business in Iran up to six months to wind up investments or risk U.S. sanctions and they are also forbidden from signing any new contracts with Iran.

"I don't know the exact timing details, but I am certain that we're also going to shut down (in Iran)", Skou said.

Shipping group A.P. Moller-Maersk on Thursday joined a growing list of companies preparing to call a halt to doing business with Iran, casting doubts on whether European leaders can keep alive a nuclear deal with Tehran.

Earlier, President of the European Commission Jean-Claude Juncker said that: "At this point, we have to replace the United States, which as an global actor has lost vigor, and because of it, in the long term, influence".

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