July 6, 2018 / 9:29 AM / 3 months ago

Germany says Iran package will not fully compensate for U.S. sanctions

VIENNA (Reuters) - Germany’s foreign minister said on Friday world powers would not be able to fully compensate for companies leaving Iran due to new U.S. sanctions, but warned Tehran that abandoning its nuclear deal would cause more harm to its economy.

FILE PHOTO: Germany's Foreign Minister Heiko Maas speaks during a news conference in Dublin, Ireland, April 12, 2018. REUTERS/Clodagh Kilcoyne/File Photo

“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.

Reporting by Francois Murphy; writing by John Irish; editing by Parisa Hafezi

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