Germany says Iran package will not fully compensate for US sanctions

Reuters , Friday 6 Jul 2018

Heiko Maas
German Foreign Minister Heiko Maas attends the weekly cabinet meeting in Berlin, Germany June 6, 2018 (Photo: Reuters)

Germany's foreign minister said on Friday world powers would not be able to fully compensate for companies leaving Iran due to new US sanctions, but warned Tehran that abandoning its nuclear deal would cause more harm to its economy.

"We will not be able to compensate for everything that arises from companies pulling out of Iran," Heiko Maas told reporters before a round of talks among the remaining parties to the deal.

He said he did not think this round of talks would end negatively but it was likely more negotiations would be needed on the issue.

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