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Europe must try to keep Iran Deal: Atlantic Council

Tehran, Atlantic Council website in an article wrote that the Iran nuclear deal is still alive and The Europeans, however, are faced with the task to preserve this international agreement in the face of US aggressive behavior towards Tehran.

In May, US President Donald J. Trump pulled out of the nuclear deal calling it 'decaying and rotten'. The United States then re-imposed a first batch of economic sanctions on Iran in early August. Multinational companies have started leaving Iran even before the November 4 deadline when Washington will enact a renewed oil and gas embargo on the country. All this even as the United Nations' nuclear watchdog, the International Atomic Energy Agency (IAEA), last week confirmed that Tehran continues to broadly abide by its obligations under the 2015 deal. That confirmation coincided with a meeting of the European Union's foreign ministers in Vienna to discuss Europe's position towards Iran.

As for what Europe's approach should be towards the United States, German Foreign Minister Heiko Maas recently described it as: cooperate wherever possible, fill the vacuum that a receding superpower creates, and stand your ground when there is profound disagreement. The Europeans are trying hard on all three fronts but without a real chance of succeeding.

Indeed, Brussels has not only vowed to defend its companies from the US sanctions for doing legitimate business with Iran, it has also passed the respective legislative act in time for the re-imposition of the US sanctions. European policymakers may be hoping they do not actually have to apply this blocking regulation', just as in the late 1990s when the EU and the United States both agreed to waive their mutual sanctions. Ultimately, recovering fines imposed by the US Treasury on European companies from the US government is highly unlikely; the fact that the European Commission published detailed guidelines as to how his could be done regardless, at least shows that the EU means business.

Source: Islamic Republic News Agency - IRNA

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