Difficult to shield German firms after U.S. withdrawal from Iran…

Business


BERLIN, (Reuters) – – Germany wants to help its companies continue doing business in Iran after the U.S. decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday.

German Foreign Minister Heiko Maas speaks during a joint news conference with his Russian counterpart Sergei Lavrov following their meeting in Moscow, Russia May 10, 2018. REUTERS/Sergei Karpukhin

U.S. President Donald Trump’s decision on Tuesday to renege on the 2015 nuclear accord with Iran and reimpose sanctions against Tehran came with the threat of penalties against any foreign firms involved in business there.

Germany – along with France and Britain – has said it remains committed to the nuclear deal. The foreign ministers of the three European powers will meet their Iranian counterpart in Brussels on Tuesday to discuss a way forward.

“I do not see a simple solution to shield companies from all risks of American sanctions,” Maas told Bild am Sonntag newspaper.

“The talks with the Europeans, Iran and the other signatories to the agreement are therefore also about how it can be possible to continue trade with Iran,” Maas said.

Maas said the Europeans wanted to ensure that Iran would continue to abide by the rules and restrictions of the nuclear agreement.

“After all, Iran is ready to talk. It’s clear that there should also be economic incentives – that will not be easy after the U.S. decision,” Maas said.

The minister echoed calls from Chancellor Angela Merkel and other leaders that Iran should agree to a broader deal that went beyond the original accord and included Iran’s “problematic role in the region”.

The Trump administration portrayed its rejection of the nuclear agreement as a response, in part, to Tehran’s interventions in the Middle East, underpinning Israeli Prime Minister Benjamin Netanyahu’s tough line towards Iran.

Reporting by Michael Nienaber, Editing by Angus MacSwan



Source link

Products You May Like

Articles You May Like

U.S. warns Syria of
Police probe celebrity chef Mario Batali for sexual misconduct: media
Pakistan heatwave kills 65 people in Karachi – welfare organization
Film mogul Weinstein appears handcuffed in court to face rape charges
Pollution turns India

Leave a Reply

Your email address will not be published. Required fields are marked *