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Non-EU members will be taking part in INSTEX, which was established to enable non-dollar trade between the 28-nation bloc and Iran.
Brussels stated on Wednesday that it was reducing economic growth forecasts for the EU, emphasizing the risk posed by "any further escalation of trade tensions".
Participants at the meeting in Vienna reported progress on other issues and reaffirmed their commitment to supporting non-proliferation projects.
Jim W. Dean - Tehran will no longer buy the 'its just around the corner" story regarding INSTEX being set up to begin trade normalization.
Jim W. Dean - Europe has a lot of problems. It has to be proactive, versus reacting to Trump's moves as he plays cat-and-mouse with them.
Pence was met with silence at the Munich Security Conference in Germany after he delivered his signature line: “I bring you greetings from the 45th president of the United States, President Donald Trump.”