Financial Tribune

“As a first step, we will coordinate with the E3 and the other EU member states to jointly assess the statement and its implication,” the spokesperson said in a statement on Friday, Sputnik reported.

The EU official stressed that the 28-nation union remains committed to the “continued, full and effective implementation” of the Joint Comprehensive Plan of Action.

US President Donald Trump said on Friday he would allow for the sanctions to be suspended for another 120 days while his country negotiates with Europe a fix for “faults” in what he has previously called the worst deal ever.

Earlier, a spokeswoman for the German Foreign Ministry announced that Berlin would consult EU partners on a common stance toward the US decision to temporarily waive sanctions