European Union foreign affairs chief Federica Mogherini says the EU signatories remain committed to the nuclear deal with Iran and that the group is working to create special payment channels to do business with Iran.
The Joint Comprehensive Plan of Action (JCPOA) deal at the sidelines of the UN General Assembly remains clear. The statement by the five nations, Russia, the UK, Germany, China and France, confirms that Iran has been complying with its end of the agreement.
The US exit from the Iran nuclear deal in May drove a wedge between the Trump administration and US allies over in Europe, who reaffirmed their commitment to the landmark agreement.
After unilaterally breaking off from the multi-party deal, the USA has been gradually reimposing sanctions that had been lifted under the agreement, in return for Tehran capping its nuclear program.
The first round of sanctions kicked in in August, to be followed by a second and final round in November.
Ahead of the November 4 deadline, the USA has been pushing its allies to cut all business with Iran, threatening European companies with secondary sanctions.
The heavy-handed approach has drawn sharp criticism from Brussels as well as France, Germany and the UK. Both Iranian President Hassan Rouhani and US President Donald Trump are set to address the UN General Assembly on Tuesday.
RT.com / ABC Flash Point Nuclear News 2018.