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"We expect a clear action plan from Europe with a timetable so it can compensate for the USA exit from the deal".

The Iranian president has stressed the importance of fulfilling Tehran's demands for the continuation of the Islamic Republic's cooperation with the remaining signatories to the 2015 nuclear agreement.

The signatories to the landmark accord met for the first time since Donald Trump, the USA president, withdrew in May to discuss how they could salvage the deal in the face of a reimposition of U.S. sanctions.

She added that the participants will work on the issues such as "the encouragement of further investments in Iran, the protection of economic operators for their investments and other commercial and financial activities in or in relation to Iran, the bringing together of private and public sector experts, the practical support for trade with and investment in Iran, the protection of companies from the extraterritorial effects of U.S. sanctions". The proposed package "only included some general promises like previous European Union statements", Rouhani said.

But Washington has also warned European allies that they face possible penalties if they violate USA sanctions, which Washington says are aimed at reducing Iranian oil exports to "zero" - a level that would deprive Iran's economy of its principal source of revenue and economic growth.

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Trump in May slammed the nuclear accord signed under his predecessor Barack Obama as "horrible" and "defective at its core", earning applause from Iran's regional rivals Saudi Arabia and Israel.

Praising Rouhani's "firm stance" against the United States, the head of the Revolutionary Guards said their forces were ready to block the Strait of Hormuz which links the Gulf to the open sea.

Iranians have complained that the hoped-for rise in foreign investment and trade after the deal has not materialised.

VIENNA - Talks to save the 2015 nuclear deal on Friday are unlikely to satisfy Iran, European powers said, and Tehran warned that it could leave the accord if it was not fully compensated for the re-imposition of United States sanctions.

However, during a phone conversation with French President Emmanuel Macron on Thursday, Rouhani said that the package proposed by European Union leaders "does not meet all our demands", and demanded a "clear action plan from Europe with a timetable so it can compensate for the USA exit from the deal".

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The news follows a threat by Iran to cut off oil reserves to the rest of the world in the wake of conflict with the US.

"After the withdrawal of the United States, which we can't understand, we face a hard situation", he added, but he stressed that "we want to make clear to Iran that it will still gain economic benefits through this agreement".

Ahead of the talks, Iranian President Hassan Rohani told the leaders of France and Germany that a European package of economic measures to counter the effects of US sanctions does not go far enough, Iranian news agencies are reporting.

Iran, which strongly denies ever seeking to build a nuclear bomb, has warned it could resume uranium enrichment for civilian purposes if the deal collapses.

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