"This is one of the most counterproductive measures imaginable", he said. "Iran's leaders plunder the nation's resources to enrich themselves and to spread mayhem across the Middle East and far behind", Mr. Trump said.
In a major setback to the United States and Trump's administration, the European Union has chose to constitute new ways to enable legal trade with Iran, despite USA sanctions, which are expected in November.
The US reimposed sanctions on Iran after US President Donald Trump pulled Washington out of the nuclear agreement, signed by Iran and major world powers.
EU High Representative for Foreign Affairs and Security Policy Federica Mogherini told reporters after the closed-door ministerial meeting that the financial facility is also aimed at preserving the nuclear agreement.
He said Trump achieved the opposite of what he'd hoped for and that the Security Council meeting backed Tehran's nuclear deal with world powers.
The decision to set up a so-called special goal vehicle that will facilitate payments including for Iranian oil comes on the back of a new European Union push for a stronger worldwide role for the bloc's own currency, the euro.
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"This is one of the most counterproductive measures imaginable for regional and global peace and security", Pompeo said in reference to the EU's end-run around US sanctions.
Turning to Syria, Mr Trump assailed Russian Federation and Iran for backing President Bashar la-Assad in his brutal war in Syria, saying: "The Syrian regime's butchery is enabled by Russian Federation and Iran". In its estimation might makes right.
Full US sanctions are set to hit Iran in November and the country's economy is already taking a beating.
The hawkish USA politician also issued warnings to high-ranking Iranian officials, saying, "We are watching, and we will come after you".
He said he believed that Trump's pressure policy that will see tougher sanctions restored on November 5 would yield results and that within a year Iran could be at the negotiating table. But most importantly, it's the... total chaos created by the Islamic Republic of Iran's government.
In a joint statement, along with Russian Federation and China, the European Union said it will assist "reassure economic operators pursuing legitimate business with Iran". Shortly after, the administration announced it would reimplement sanctions against Iran and warned if any country were to defy the sanctions and do business with Iran, they would face penalties.
Aside from Iran, the other participants are Britain, China, France, Germany, Russia and the European Union.
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