Germany Says Iran Package Not to Fully Compensate for US Sanctions

TEHRAN (Tasnim) – Germany’s foreign minister said on Friday world powers would not be able to fully compensate for companies leaving Iran due to new US sanctions, but warned Tehran that abandoning its nuclear deal would cause more harm to its economy.

Germany Says Iran Package Not to Fully Compensate for US Sanctions

“We will not be able to compensate for everything that arises from companies pulling out of Iran,” Heiko Maas told reporters before a round of talks among the remaining parties to the deal, Reuters reported.

He said he did not think this round of talks would end negatively but it was likely more negotiations would be needed on the issue.

The remarks came ahead of a meeting of foreign ministers of Iran, Russia, China, Britain, France, and Germany in Vienna to discuss Europe’s package of economic measures to save the JCPOA following the US exit.

On May 8, the US president pulled his country out of the JCPOA, which was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

Following the US exit, Iran and the remaining parties launched talks to save the accord.

Meanwhile, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has underlined that any decision to keep the JCPOA running without the US should be conditional on “practical guarantees” from the Europeans.

 

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