EU regrets US sanctions on Iran, vows to protect European businesses

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"Individuals or entities that fail to wind down activities with Iran risk severe consequences", Trump said in a statement about penalties that will go back into effect at 12:01am Tuesday.

On May 8, President Donald Trump announced that the USA would be pulling out of the Joint Comprehensive Plan of Action (also called the Iran nuclear deal).

Responding on Iranian state television, Mr Rouhani rejected the idea of last-minute talks. "I don't have pre-conditions".

Earlier, Iranian president's chief of staff Mahmoud Vaezi revealed that during Rouhani's last visit to NY for the UN General Assembly session, Trump asked the Iranian delegation eight times to have a meeting with the president.

"We deeply regret the re-imposition of sanctions by the USA", said European Union diplomatic chief Federica Mogherini in a statement jointly signed with the foreign ministers of Britain, France and Germany.

He said the U.S. has proven to be an unreliable negotiating partner when it made a decision to withdraw from a multinational nuclear deal with Iran and reimpose sanctions against it.

The sanctions aim to modify Iran's behavior and not bring about a "regime change" targeting Rouhani, U.S. officials said on a conference call on Monday. Administration officials say Iran has used funds freed up by the pact to sow instability across the Mideast.

He added that it was hard to imagine negotiating with someone who had torn up an agreement that had taken so long to reach. 73 yrs later - w/ vastly expanded nuke arsenal it refuses to dismantle in defiance of NPT commitment - USA militarism hasn't faded. A total of $100bn in frozen Iranian assets was also released.

French carmaker Renault, which does not sell cars in the US, has said it will remain in Iran despite the sanctions. "USA hypocrisy knows no bounds".

"If they (sanctions) are applied, then that person can go to the court to recover that damage". China and Russian Federation, the two other signatories to the 2015 agreement, have also said they will defy the US move.

A joint statement issued on Monday by the foreign ministers of the EU's 28 member states, including the UK's foreign secretary, Jeremy Hunt, said there was a "determination to protect" the bloc's economic interests and the nuclear deal known as the joint comprehensive plan of action (JCPOA), which Brussels, along with China and Russian Federation, continues to support.

A senior administration official said the United States is "not particularly concerned" by EU efforts to protect European firms from the re imposition of sanctions.

Under such circumstances negotiations can not be held, he said, adding that the Iranian people will resist the pressures and will conquer finally.

But they admit it may not be enough to convince European firms to courageous U.S. penalties in order to do business with Iran. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World. "We are seeing a substantial impact".

But questions persist as the administration appears to welcome the collapse of Iran's economy and voice louder and louder support for protests against the regime for the economic state. "But negotiations doesn't make sense while we are under sanctions".

Speaking to reporters en route from a three-nation trip to Southeast Asia, Pompeo said Monday's re-imposition of some sanctions is an important pillar in US policy toward Iran.

The May decision to withdraw from the Iran deal, officially dubbed the Joint Comprehensive Plan of Action (JCPOA), gave a 90-day wind-down period for some business activities, and a 120-day wind-down period for others.

USA sanctions targeting Iranian trade in automobiles, gold and other key metals will be re-imposed on Monday, while sanctions targeting the country's energy and banking sector will resume November 4.

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