EU Must Defend Firms against US Iran Sanctions: Macron

Is Macron a good leader?

Siemens is a major German company with multiple Iran infrastructure deals.

Germany has joined its European allies in reaffirming support for the Iran nuclear deal in defiance of the United States that pulled out of the landmark agreement last week.

Merkel defended this Wednesday before the legislators the validity and importance of the so-called Joint Comprehensive Plan of Action (JCPOA) signed in 2015 between Iran and six worldwide powers (China, United States, France, United Kingdom, Russia, and Germany).

Energy and finance will follow, with companies facing punishment if they continue to do business with Iran, after US President Donald Trump withdrew from a landmark nuclear deal with Tehran.

European leaders have arrived at a summit in Sofia in a bid to save the Iran nuclear deal in the wake of Donald Trump's decision to re-impose sanctions on the Islamic Republic.

"This agreement is everything other than ideal, but Iran is, according to all the knowledge of the global nuclear authorities, sticking to the commitments of the agreement", Merkel said.

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The president, who participates in the sessions of the Bundestag for the approval of the 2018 federal budget, said in relation to the JCPOA that 'the question is whether it is convenient to end the agreement or maintain it, and we consider it better to remain in it'.

Despite pressure from Washington, Macron insisted European countries are committed to the deal with Iran.

"We are determined to ensure that the JCPOA stays in place".

Before visiting Europe, Zarif first traveled to China and later Russian Federation, the two other signatory nations that have supported the JCPOA, on the first leg of his diplomatic mission.

Asked on arrival at a summit of European Union leaders in Bulgaria if he was concerned about an announcement by French oil major Total that it may pull out of Iran after Washington pulled out of the nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA), Macron said it was up to firms active in various markets to make their own decisions, Reuters reported.

Russian President Vladimir Putin will also host Merkel on Friday to discuss, among other issues, the Iran deal.

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