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16 May 2018, 02:08 | Devin Moran
Bolton warns sanctions possible for businesses dealing with Iran
US Secretary of State Mike Pompeo saidWashington still wants to work with its European partners on an agreement to counter Iran's "malign behavior" Sunday despite its withdrawal from a landmark nuclear deal.
Major European powers are seeking to keep Iran in a landmark worldwide nuclear agreement even after President Donald Trump pulled the U.S. out of the pact and promised tough economic sanctions against the Islamic Republic.
Part of the flaw with the Iran deal that President Trump rejected was it enticed Europe and the USA into economic relations with Iran that would work against holding the country accountable for violations of the agreement, Bolton said.
"I think that it was a mistake to rip up the agreement, and we should've built on the agreement rather than stepping backwards", Paul said.
"And the consequences of American sanctions go well beyond goods shipped by American companies, because of our technology licenses to many other countries and businesses around the world", Bolton said.
The administration says the lifting of sanctions as part of the nuclear pact had allowed Iran to build up its military. "It depends on the conduct of other governments".
He, however, believes that some European countries will eventually support the United States despite comments from some leaders expressing regret over Trump's decision to withdraw from the deal.
Mr Johnson said the United Kingdom remained "fully committed" to upholding the agreement amid concerns that sanctions will also damage European business interests.
"I would like our debate to reconfirm without any doubt that as long as Iran respects the provisions of the deal, the European Union will also respect it", Tusk said in a letter to the leaders on the eve of the summit.
Maas said the Europeans wanted to wanted to ensure that Iran would continue to abide by the rules and restrictions of the nuclear agreement.
The JCPOA - the result of years of hard negotiations - was agreed by seven countries and the European Union, and unanimously endorsed by the United Nations Security Council.
After China, the Iranian foreign minister was scheduled to fly to Moscow for talks with his Russian counterpart Sergei Lavrov and then Brussels to consult with British, French and German foreign ministers as well as European Union foreign policy chief Federica Mogherini.
"The objective of these negotiations - the Foreign Minister continued - is to seek reassurance that the interests of the Iranian nation will be defended".
France's foreign minister said Friday he had asked for exemptions or longer grace periods for the exit of French companies such as oil-and-gas giant Total SA and auto maker Peugeot SA that have returned to the Iranian market since the 2015 nuclear accord.
He was due to hold talks later in Brussels with the foreign ministers of Britain, France and Germany.
Mr Johnson left Brussels without speaking to reporters.
French Finance Minister Bruno Le Maire said Friday on Europe-1 radio that Europe should not accept that the U.S.is the "world's economic policeman".
"As the president said, we are ready for all options".
The US withdrawal from the Iran deal has upset Washington's European allies, cast uncertainty over global oil supplies and raised the risk of conflict in the Middle East.
Iran has warned it could resume uranium enrichment "without limit" in response to Trump's decision.
Trump's abrogation of the JCPOA will nearly certainly fuel the downward spiral of confrontation in the Middle East, while further complicating matters on the Korean Peninsula.
Meanwhile, the United States imposed sanctions on Iran's central bank governor, Valiollah Seif, and Iraq-based Al-Bilad Islamic Bank for "moving millions of dollars" for Iran's elite Revolutionary Guard Corps, as Washington seeks to cut off funding for what it says is Iran's malign activities in the Middle East.
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