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The EU foreign ministers want to maintain the nuclear agreement with Iran



The European Union is trying to protect the strategic and economic interests of the bloc in Iran following the US withdrawal from the international nuclear agreement, as the EU foreign policy chief on Monday unified the unity of the Member States ,

Federica Mogherini said after a meeting of EU foreign ministers that Member States are intensively coordinating their efforts "to protect the economic investments of European companies that legitimately invest and engage in Iran"

Polish Foreign Minister Jacek Czaputowicz However, Poland said it was against any EU action that would weaken US sanctions.

The US withdrew the pact earlier this month, and they want to enforce harsh sanctions against Iran, which could affect some European companies doing business with Tehran.

European powers say they are committed to continuing to work together to save the deal because they believe it is the best way to prevent Tehran from developing a nuclear bomb.

Mogherini insisted that the EU was not motivated by business profits to keep the deal alive.

For us it is not about an economic interest. It's about a security concern, "she said.

Mogherini also downplayed reports of tensions between Poland and the rest of the EU over dealing with US President Donald Trump and his tough stance on Tehran.

Mogherini said that the EU also shares Trump's concerns about Iran's role in the Middle East and its ballistic missile program.

Overall, however, she said: "The first concern we share concerns the possibility of Iran developing a nuclear weapon, and Sticking to the nuclear deal was the best way to prevent it.

Poland's Czaputowicz said that if European companies were to suffer losses in Iran, a mechanism would have to be found to compensate them. He also said that encouraging the continued activity of European companies in Iran could weaken US sanctions and this could become a major problem.

He said that those "states that are tying their security to the security of the United States" were competing with one another Similar to Poland's interest in preserving its transatlantic relationship.

Last week, the EU Executive Commission announced that it will begin revising a so-called "Blockade Regulation", which was drafted in 1

996 in response to US effects Sanctions against Cuba and against Libya and Iran

The measure never came but essentially prohibits companies from respecting US sanctions if these sanctions could harm the EU's interests, in particular trade and capital

The current Blocking Regulation would need to be updated to include sanctions against Iran in the nuclear field. This would take time and involves the risk that one of the 28 EU member states could block the move.

The EU is also ready to allow the European Investment Bank to help companies invest in Iran. In addition, the EU Energy Commissioner is traveling to Teheran for talks on promoting energy co-operation.


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