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From the moment President Donald Trump pulled the USA out of the Iran Nuclear deal, a.k.a.

Iran signed a landmark nuclear deal with the United States, Britain, France, Russia, China and Germany in 2015 to halt its nuclear weapons program in exchange for sanctions relief.

Three European nations along with Russian Federation and China vowed at the meeting to keep the energy exporter plugged into the global economy despite the U.S. withdrawal and threat of renewed sanctions, including on Iran's key crude oil exports.

But in a setback on the eve of the talks, Iran s President Hassan Rouhani told French President Emmanuel Macron that European economic measures now on offer did not go far enough.

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Since Trump's shock move in May, which dismayed all other signatories, Washington has warned other countries to end trade and investment in Iran and stop buying its oil from early November or face punitive measures.

"We advise businesses that want to keep investing (in Iran), we want to keep payment systems open, and we want to build security through widening the mandate of the European Investment Bank", he said.

Iran's economy is already suffering from the sanctions that Washington re-imposed after walking away from the nuclear agreement, and the United States has threatened to punish companies from other nations that continue doing business with Iran.

The Iranian president highlighted the problems that Washington's unilateral withdrawal from the JCPOA has created for the European companies involved in Iranian projects.

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"They (Iran) must stop threatening to break their commitments to the nuclear deal", Jean-Yves Le Drian said.

The diplomats said they remained committed to the 2015 accord and to building up economic relations with Iran, including "the continuation of Iran's export of oil and gas" and other energy products.

German Foreign Minister Heiko Maas admitted that the situation is hard, and the European Union wants to make it clear to Iran that it has economic benefits from that deal, and it's looking for measures to benefit Tehran under the deal. Modernization of the Arak heavy water reactor is seen as a key issue in the Iran nuclear deal, as the reactor could potentially produce the nuclear fuel for a warhead.

Rouhani warned on Wednesday that Iran could reduce its co-operation with the United Nations nuclear watchdog if the deal collapses. The rial currency has fallen, prices have risen and the country has been hit by street protests and strikes.

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Six people were arrested - a diplomat attached to the Iranian embassy in Austria - in Belgium, France and Germany, while the opposition group blamed the Iranian regime for the alleged plot.


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