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European Union to switch from dollar to euro in payments for Iranian oil

17 May 2018

"We will be looking at a package of measures we may be able to devise as Europeans to encourage Iran to stay in", British Foreign Secretary Boris Johnson said.

Mogherini said "expert talks" on relevant financial and economic issues such as banking transactions and oil would begin soon and the deputy foreign ministers from the three European nations and Iran would meet in Vienna next week.

The agreement does not address Iran's ballistic missile program, Iran's misbehavior in the Middle East, and the sundown aspect of the agreement, which means the regime can start up its nuclear program again by 2025.

The regulation, which has never been applied, would need to be modernised to take into account the evolution in the business environment, and USA sanctions related to Iran would need to be added to the list of issues.

Ahead of a historic summit with his North Korean counterpart on denuclearisation, American President, Donald Trump, stirred up the hornet's nest recently when he unilaterally pulled his country out of a three-year-old multilateral agreement to roll back Iran's nuclear programme. President Trump has announced that the US will withdraw from the Obama-era nuclear program. "We are on the right track. a lot will depend on what we can do in next few weeks", he said.

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In Penfield, voters are looking at a proposed budget of about $98 million, with two propositions on the ballot. However, the cuts are part of the Board's duty to meet its financial obligations, the resolution said.

The Iran nuclear deal is in "intensive care" but could be nursed back to health within weeks, according to European Union foreign affairs chief Federica Mogherini.

President TrumpDonald John TrumpOregon governor to face state rep in November Ashford, Eastman neck and neck in Nebraska Dem primary Progressive pick Wild wins Dem primary for Pa. House seat MORE's decision to pull out of the Iran nuclear deal could create a financial quagmire for USA allies who are suddenly at risk of being caught in economic sanctions.

"We together regretted the withdrawal of the United States", Mogherini said, speaking on behalf of Iran's Javad Zarif, France's Jean-Yves Le Drian, Germany's Heiko Maas and the U.K.'s Boris Johnson.

Iran's Foreign Minister completed a day of talks in Brussels to consolidate European backing for the nuclear deal. "It is going to be very hard for us to preserve the economic benefits of the Iran deal", said a second senior European diplomat said.

But the United States pulled out of the pact last week and promised to impose tough economic sanctions on Iran.

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While those nations have vowed to stand by the agreement, there is little likeliness that USA allies would side with Iran in this issue.

Washington has shot itself in the foot by announcing the upcoming resumption of anti-Iranian sanctions, as Chinese and European investors are already seeking to circumvent U.S. restrictions.

Mr Khamenei said that while Iranian officials "want to continue the nuclear deal" with Britain, France and Germany, he "did not trust these countries either".

The commission is expected to unveil them to European Union leaders at a summit in Sofia, Bulgaria, on Wednesday.

"What was significant is that Zarif reaffirmed their will to stick to the agreement if we find a way to help them a little", a senior European diplomat said.

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The Iranian split was clear Tuesday, with some leaders in Tehran making threats even as Zarif indicated an openness to the talks in Brussels. The minister said he wanted France, Germany and Britain to reach out to the USA administration and ask for "exemptions, additional deadlines, or to respect the contracts that have been agreed in good faith by our businesses in Iran".

European Union to switch from dollar to euro in payments for Iranian oil