Last week, the US withdrew from the Iran nuclear deal, signed between Tehran and the P5+1 powers (China, France, Russia, UK, US, plus Germany) three years ago.
Siemens is a major German company with multiple Iran infrastructure deals.
The 28 anxious EU leaders are gathering in the Bulgarian capital for discussions over dinner on how to salvage the nuclear deal and European business dealings with Iran from Trump's sanctions.
'This agreement is everything other than ideal, but Iran is, according to all the knowledge of the global nuclear authorities, sticking to the commitments of the agreement'.
Merkel defended this Wednesday before the legislators the validity and importance of the so-called Joint Comprehensive Plan of Action (JCPOA) signed in 2015 between Iran and six worldwide powers (China, United States, France, United Kingdom, Russia, and Germany).
France, Macron said, backed proposals by the European Commission to protect and compensate European companies that might be hit by US sanctions for trading with Iran.
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The deal lifted sanctions in 2016 in return for Tehran limiting its nuclear program.
The United States will re-establish sanctions against Iran progressively, kicking off with the automobile and civil aviation sectors, a source close to the French government said on Tuesday.
She noted that similar willingness has been expressed by the European and Iranian sides.
Leaders of European states will maintain the nuclear deal with Iran and protect their corporations against potential U.S. sanctions for doing business in the Islamic Republic, according to French President Emmanuel Macron.
"I would like our debate to reconfirm without any doubt that as long as Iran respects the provisions of the deal, the European Union will also respect it", the chairman of the gathering, Donald Tusk, said before the meeting in the Bulgarian capital Sofia.