Top Russian, Iranian diplomats to discuss ways of salvaging Iran nuclear deal

Russia, Iran discuss nuclear deal after US withdrawal

More than €143 million worth of Irish exports to Iran are under threat from USA president Donald Trump's decision to pull out of the worldwide nuclear deal and to reimpose sanctions on the Islamic state.

EU foreign policy chief Federica Mogherini, who met Iranian foreign minister Mohammad Javad Zarif on Tuesday morning, said it was up to the European powers "to preserve a deal we have achieved together".

"If the remaining five countries continue to abide by the agreement, Iran will remain in the deal despite the will of America", he said.

"Guarantees of benefits of the JCPOA should be given to Iran".

Analysts have suggested Russian Federation could benefit economically from the USA pull-out, as it is less exposed to the consequences of renewed sanctions than Europe.

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In the past week, it has slapped a new series of sanctions against Iran. In a separate interview on CNN's "State of the Union, " he said Iran's economic condition is "really quite shaky, " so the impact of sanctions "could be dramatic".

Iran's president Hassan Rouhani has assigned his foreign minister to review the future of the Joint Comprehensive Plan of Action (JCPOA), through direct talks with his British, Chinese, French, German and Russian counterparts.

Le Drian expressed France's "determination to fight" so that the US decisions don't hurt those companies that have invested in Iran.

French Finance Minister Bruno Le Maire said earlier that Europe should not accept that the U.S.is the "world's economic policeman", or become the USA "vassals" that "obey decisions taken by the United States while clinging to the hem of their pants;" Rather, Le Maire asked, "or do we want to say we have our economic interests, we consider we will continue to do trade with Iran?" "We will try to uphold our side of the bargain".

"Let's not fool ourselves that are that dozens of things we can do", said a second senior European diplomat.

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U.S. Secretary of the Treasury Steven Mnuchin also noted in an announcement that "sanctions will be reimposed subject to certain 90 day and 180 day wind-down periods".

Al Jazeera's Zein Basravi, reporting from Tehran, said Zarif's tour was an attempt to "salvage the nuclear deal and keep it on life support".

A number of voices in Iran have suggested the deal is unlikely to survive.

"So far we have had very positive signals from signatories of the deal. but what is important is for Europeans to find a way to protect their investors from U.S. penalties (when they invest in Iran)", a senior Iranian diplomat said.

While announcing his decision, Trump called the agreement "defective at its core", claiming that after the lifting of the sanctions Tehran "used its new funds to build nuclear-capable missiles, support terrorism and cause havoc throughout the Middle East and beyond". "We don't have much to threaten the Americans".

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