When he quit the deal last week, US President Donald Trump gave businesses a maximum of six months to wind up operations in Iran or face swingeing penalties under American sanctions. He could, for example, have started small by only reimposing a handful of sanctions.
There was no press conference following the Lavrov-Zarif talks in Moscow.
Trump claimed that the deal had failed to prevent Iran from developing nuclear weapons or supporting terrorism in the region. He has also left the door open to additional sanctions on top of those.
"If I can use the metaphor that some raised around the table, we all have a relative in intensive care and we all want to get him or her out of intensive care as soon as possible", she said.
Bolton said Europe was still digesting the May 8 move by Trump.
Merkel said the Europeans aren't "blind" to threats posed by Iran's activities in Syria to Israel, for example.
The development came as Iran's foreign minister said he was hopeful of forging a "clear future design" for the pact, while speaking in Beijing at the start of a diplomatic tour aimed at rescuing it.
The European Commission has been examining measures to counter the introduction of any US sanctions that could harm European businesses.
Ultimately, Nephew believes that China "will ignore the sanctions altogether and force a real debate in the USA about whether to penalize them, given the economic costs that would be imposed on us".
"The Europeans have repeated on several occasions that they will not be able to resist USA sanctions". "And that will be hard to sell given our economic connections".
China which is one of Iran's main trade partners and its largest provider of imported goods would continue to purchase Iranian oil and pay with goods and construction projects. "Much depends on the politicians' will, chiefly in the European countries". Some other companies have signed MOUs, but they don't aren't legally binding. These companies will have 90 to 180 days to wind down their operations in Iran, or they will run afoul of the US banking system.
The question is whether the remaining signatories - the so-called EU-3, Russian Federation and China - can deliver the benefits of the accord, including access to global oil markets, trade and investment, that enticed the Iranians to join the agreement. The lower price of oil has changed the way investors view the market.
"We believe that this occurred mainly due to the reasons, which are not tied to the JCPOA, and frankly speaking, the U.S. representatives are not hiding this", Ryabkov said. The Iranians talked about improving regulations to make them more welcoming to foreign investors, but when the sanctions came off in 2016 they just assumed that companies were dying to invest in Iran.
According to O Sullivan, where they will begin to develop a "coherent and consistent policy measures for the conservation of European business interests in Iran, while protecting your investment from the United States sanctions".
Their efforts focus on nine key areas including maintaining economic ties with Iran, continuing Iran's ability to sell oil and gas products and protecting European Union companies doing business in Iran. On Saturday, French President Emmanuel Macron told Trump in a telephone call that he was anxious about stability in the West Asia, according to Macron's office. But Trump obviously had fundamental problems with the nuclear deal and they weren't able to work it out, so he reimposed sanctions.
Trump weighed in later Sunday, saying his decision would limit Iran's regional ambitions. If that happens, then the world will unite against Iran's missile program.