Iranian Foreign Minister visits Russia, China to save nuclear deal

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"European companies are more exposed to the USA market, they must comply not to get into trouble. The US has systematically forced Iran to turn more towards Russian Federation and China". However, Berlin recognizes that it can do little to protect its companies. He also accused Trump of "ignorance and folly".

The Washington Post touched on some of the ways which the Europeans can use to circumvent USA sanctions.

The Treasury said that Seif undermined the central bank's credibility by routing millions of dollars from the Quds Force, the expeditionary unit of Iran's hard-line Revolutionary Guards, to al-Bilad Islamic Bank, which is based in Iraq.

"We agree to make the appropriate contacts with our German colleagues", he said in a joint press conference with his German counterpart Heiko Maas.

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Maas acknowledged that they did not have the means to provide assurances for companies planning to do business with Iran.

Undeterred by deadly proclamations coming from Iran's top governing body, Chancellor Merkel called Iranian President Hasan Rouhani to "affirm Germany's commitment to the deal", a spokesman for German government confirmed on Thursday. In real terms, the standard of living has dropped by 15% over the last decade, given galloping inflation and the lack of investment.

The news of President Trump's dropping out of the nuclear deal was met with more anti-American sloganeering in Tehran.

Much depends on how the Iranian economy will respond to the current crisis.

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The remaining signatories to the deal-UK, France, Russia, China and Germany-have said that they will continue to enforce the deal.

Before leaving, Zarif published a government statement on his Twitter page, slamming the "extremist administration" of USA president Donald Trump for abandoning "an accord recognised as a victory of diplomacy by the global community".

Valiollah Seif, the governor of the Iranian central bank, was named a "specially designated global terrorist" along with another senior official, Ali Tarzali, who works in the central bank's worldwide division.

She added that the US can not undo the agreement by pulling out, saying: "this deal is not a bilateral treaty". Most of Iran's 30 lenders were not profitable a year ago and are now selling non-core assets to build defensive positions. The iconic orange and black insect is one of natures key pollinators.

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Interestingly, Bloomberg news ran an article suggesting that the main beneficiary of the threat of sanctions against Europeans could be China, which has seen its business with Iran double over the past decade. "They will never abandon the United States for us", said Poormoslem, a housewife at the rally.

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