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Iran seeks support from Europe against the US sanctions

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Iran has demanded European assurances for support amid Washington’s intentions to reinstate sanctions on oil exports.

Iranian Foreign Minister Mohammad Javad Zarif has spoken on the phone with European Union diplomat Federica Mogherini and her colleagues from Germany, Sweden and Denmark on measures to counter US sanctions.

“Federica Mogherini and the European Ministers stressed the importance of the financial ministers’ commitment to the European financial mechanism to rescue the nuclear deal and said the mechanism would be triggered in the coming days”, says the statement of the Iranian Foreign Ministry.

Washington will once again impose sanctions on Iran’s oil and banking sector on Monday.

Diplomats have told that the new EU mechanism to facilitate payments on Iranian exports should come into force by November 4, when the next phase of US sanctions will begin, but will not be operational by the beginning of next year.

The EU, France, Germany and the United Kingdom made a joint statement on Friday to point out that they are not joining the US President Donald Trump’s decision to reinstate sanctions against Iran.

“Our goal is to protect European economic players, who have legitimate trade with Iran, in line with EU law and UN Security Council Resolution 2231”, said Federica Mogherini.

The three largest European powers, along with Russia and China, signed an international deal in 2015 with Iran. Under the agreement, Tehran is committed to stepping down from its nuclear operations in exchange for lifting most international sanctions.