Putin says 'all is not lost' to save Iran nuclear deal

French President Emmanuel Macron speaks during the presentation of the French government's plan for the country's most deprived areas at the Elysee Palace in Paris

President Macron on said he hoped Donald Trump would return to Iran nuclear negotiations but that for now French companies would have to decide for themselves how to react to renewed USA sanctions against Tehran.

Russian President Vladimir Putin and his French counterpart Emmanuel Macron attend a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018. Over the a year ago Moscow has not altered its positions in Syria, where it continues to back President Bashar al-Assad militarily, or in Ukraine, where just last week Putin again excluded ever restoring annexed Crimea.

"We set ourselves the task of gaining a foothold in this group of five, and I am certain that we will accomplish this".

"I hope Russian Federation understands France is a credible and trustworthy European partner", Macron said.

Earlier this month Trump controversially pulled the United States out of the landmark 2015 pact with Iran that placed limits on its nuclear programme in return for easing economic sanctions.

For the Kremlin, the EU pledge to protect its companies doing business with Iran from prospective USA sanctions sets an important precedent of the European resistance to the US pressure.

The French and Russian leaders will "take the time for an in-depth, one-on-one discussion", the French Presidency said in a statement. "This is unacceptable and it has to end", he said.

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He said he had a strong relationship with Trump, but he acknowledged there are "issues on which we have differences".

Russian President Vladimir Putin warned that the world could be heading for an unprecedented economic as a result of Donald Trump's trade policies.

"That was not desirable", Macron said, adding that the embassy move played a part in sparking fatal clashes between Palestinian protesters and Israeli security forces.

Macron said that Trump had, de facto, lost an global argument over the Paris climate change agreement because the worldwide consensus in support of the accord had held, even though Trump had chose to exit the deal.

That policy is now being tested after Trump shunned Macron and other close allies and imposed extraterritorial sanctions on Iran, having already pulled out of the global climate pact and threatened the European Union with tariffs on metals. But he also faces a host of delicate worldwide disputes.

The Russian leader pointed to the presence of large numbers of foreign executives at the event as evidence that the US sanctions were failing to achieve their aim.

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