EU tells Iran it will try to protect firms from US sanctions - News Summed Up

EU tells Iran it will try to protect firms from US sanctions


Iran wants assurances that EU trade with Iran will continue to grow, despite Donald Trump pulling the US out of the nuclear deal. Speaking after her meeting with Zarif, Mogherini said the EU had agreed to start work on a multi-level stream of work designed to keep the Iran deal alive. The US has said it will progressively reintroduce the main sanctions against Iran, starting with the automobile and civil aviation sectors on 6 August. What is the Iran deal and why does Trump want to scrap it? Read morePossible measures include reviving an EU-wide blocking regulation from 1996, which was intended to prevent US sanctions from affecting European firms trading with Cuba, Libya and Iran.


Source: The Guardian May 15, 2018 11:48 UTC



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