Original title: the EU announced that the payment system will be built to allow businesses to maintain trade with Iran.
BEIJING, Sept. 25 (Xinhua) According to foreign media reports, EU Foreign and Security Policy High Representative Mogalini said that he would maintain the commitment on Iran's nuclear resolution, will establish a payment system to allow oil companies and enterprises to continue to trade with Iran, in order to avoid U. S. sanctions on Iran.
"I hope we will not only reiterate our political commitment to full compliance with the agreement, but also take steps to ensure that this is achieved in the coming months," Mogalini said, according to reports.
In July 2015, the six countries of Iran and the Iran nuclear issue reached a comprehensive agreement on the Iranian nuclear issue. Under the agreement, Iran promised to limit its nuclear program and the international community to lift sanctions against Iraq. On May 8, U.S. President Trump announced that the United States would withdraw from the comprehensive agreement on Iran's nuclear issue and restart sanctions against Iraq.
At 0:00 in August 7th, the United States imposed sanctions on Iran. The first wave of sanctions is aimed at putting pressure on Iran's economy and limiting its financial activities. The second wave of sanctions will be implemented in November 5th, targeting Iran's oil export and the central bank.
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