EU Is Committed To Cooperate With Iran

Forex News

Today in Sofia, Bulgaria, twenty-eight EU leaders will look through different ways for saving the Iran nuclear deal and restoring economic cooperation with Tehran after US leaving the deal. The process should be long and the decision won’t be made soon. A senior EU official pledged: "We would stay calm here, there is no need for the meeting on Wednesday to take decisions on specific modalities of the mechanisms that are to shield the interests of European companies,” adding: "But when it comes to consensus to shield economic interests in Iran, it is there and will be reconfirmed on Wednesday."

Donald Tusk, who is the chairman of the meeting, claimed: "I would like our debate to reconfirm without any doubt that as long as Iran respects the provisions of the deal, the EU will also respect it". Jean-Claude Juncker, the head of the Eurozone executive, is going to offer some options to protect European firms that works with Iran from U.S. sanctions, which would allow the European Investment Bank to invest there and coordinate euro-denominated credit lines from EU countries.

Foreign ministers of Germany, France and UK met with Mohammad Javad Zarif (Iranian Foreign Minister) and ordered their experts to present measures for a meeting of their deputies in Vienna, scheduled for next week. Miguel Arias Canete, the EU's top energy Commissioner will visit Iran on May 18-21 to negotiate energy cooperation, showing Tehran that EU is ready for cooperation regardless US leaving.