For now Iran says it is open to sticking with the terms of the deal, which came into force in January 2016 after many years of tough diplomatic negotiations. European powers seem determined to try and ensure the Joint Comprehensive Plan of Action (JCPOA) – the formal name for the deal – can remain active. In recent months, China and Russia have tried to save the deal from what Russian foreign minister Sergei Lavrov had described as “attempts to sabotage” it. Both countries still support the deal, as do other major Asian powers such as Japan. German foreign minister Heiko Maas has noted the difficulty in putting in place an effective mechanism to shield European companies.

Source: Forbes May 14, 2018 11:37 UTC