The EU’s three biggest member states have agreed a deal with Russia and China to set up a special payments system to facilitate trade with Iran as global powers step up measures to protect a nuclear deal with Tehran after the US reimposed sanctions.
In a joint statement on Tuesday, the foreign ministers of China, Russia, Germany, the UK and France agreed to “assist and reassure economic operators pursuing legitimate business with Iran” including its oil exports.
The five countries remain signatories to a 2015 Iran nuclear deal which Donald Trump withdrew from earlier this year after calling it the “worst deal ever”.
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