Financial Tribune

US President Donald Trump’s decision on Tuesday to unilaterally renege on the 2015 nuclear accord with Iran and reimpose sanctions against Tehran came with the threat of penalties against any foreign firms involved in business there, Reuters reported.

Germany, along with France and Britain, has said it remains committed to the nuclear deal. The foreign ministers of the three European powers will meet their Iranian counterpart in Brussels, Belgium, on Tuesday to discuss a way forward.

“I do not see a simple solution to shield companies from all risks of American sanctions,” Maas told Bild am Sonntag newspaper.

Maas said talks with the Europeans, Iran and the other signatories to the agreement are, therefore, also about how it can be possible to continue trade with Iran.

“After all, Iran is ready to talk. It’s clear that there should also be economic incentives; that will not be easy after the US decision,” he added.