Russia Says Ending Iran Deal Threatens Middle East Stability

Russia Says Ending Iran Deal Threatens Middle East Stability

Russia Says Ending Iran Deal Threatens Middle East Stability

Negotiating: Iranian Foreign Minister Mohammad Javad Zarif was the lead Iranian negotiator in the deal struck in Geneva.

He said Iran would attempt to save the nuclear deal through negotiations with the European nations who were co-signatories to the deal.

Moscow will continue its "close coordination" with Iran on the nuclear deal, said Russia's foreign mnistry on Thursday, after US President Donald Trump chose to pull out of the landmark 2015 deal with Tehran.

Trump pulled out of the 2015 pact and promised to reinstate U.S. sanctions because he does not believe that the agreement prevents Iran from getting atomic weapons.

Iran's foreign minister will travel to Moscow on May 14 and meet his Russian counterpart, the RIA news agency reported on Friday citing Zamir Kabulov, a Russian foreign ministry official.

"We feel that the extraterritoriality of their sanction measures are unacceptable", he told the French daily Le Parisien.

China was closely involved in negotiating the agreement as one of the five permanent members of the United Nations Security Council and has always been one of Iran's closest economic partners, buying about a third of its oil shipments.

Speaking to CNN on Sunday, Siemens CEO Joe Kaeser said his company could not do any new business in Iran after President Donald Trump chose to ditch the deal and reimpose USA sanctions.

President Hassan Rouhani said Tuesday that Iran will remain in the 2015 pact temporarily to negotiate with the other six parties - Britain, France, Germany, the European Union, Russia and China - and study the possibility of keeping it alive.

"It is very important to save the adherence to this agreement and today we spoke about it", Maas said.

It will be hard to protect German businesses that continue doing business in Iran after the U.S. reimposes sanctions, Foreign Minister Heiko Maas said on Sunday.

Iran apparently wants to shore up support from Russian Federation.

Meanwhile, the President of the Atomic energy Organization of Iran has been tasked with taking all necessary steps in preparation for Iran to pursue industrial measures to facilitate this under any circumstance.

Iran's deputy foreign minister Abbas Araqchi on Sunday gave France, Germany and the United Kingdom 60 days to guarantee that business ties between the countries will continue, according to the state-run Islamic Republic News Agency. Aside from the mounting military tensions between Iran and Israel, oil prices are rising on the uncertainty.

Commenting on the USA withdrawal from the deal, Merkel said that European countries can no longer rely on the U.S. "to protect it", adding that "Europe must take its destiny into its own hands".

Another country with a big stake in Iran's economy is Turkey which did not hide its delight on Friday when Economy Minister Nihat Zeybekci said the USA move was an "opportunity" for Ankara, noting that his country "will continue to trade with Iran".

Exports of German goods to Iran rose by around 400 million euros to 3 billion euros.

It is unclear how well the measure could be enforced, given that big multinationals are likely to be doing more business in the US than they are in Iran and may be unwilling to compromise that market access.

On Sunday, U.S. Secretary of State Mike Pompeo said Washington still wants to work with Europe to counter Iran's "malign behavior".

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