9 minutes agoEU vs. US: Ready to Support Iran
Periskopi(8 years ago)
(8 years ago)The withdrawal of the United States of America from the nuclear agreement with Iran was a decision that was not well received by EU countries. The latter, led by France and Germany, tried until the last minute to change American President Donald Trump's mind, to keep the deal standing, but not [...]
The withdrawal of the United States of America from the nuclear agreement with Iran was a decision that was not well received by EU countries.
The latter, headed by France and Germany, tried until the last minute to change American President Donald Trump's mind, to keep the deal going, but failed.
Situated under these conditions, the European Commission has proposed activating a sleeping statute to protect European companies doing business with Iran from threatening US sanctions. The statue was adopted in 1996 in response to an embargo imposed by the United States on Cuba but has never entered into force.
The commission also proposed removing barriers preventing the European Investment Bank from financing activities of various types in Iran. In this respect, the Bank will support European investments in the Islamic Republic, including those in the energy sector that are the axis of the Iranian economy.
Washington's sanctions on Iran take effect on August 6th, and by then, the European Parliament will have more than two months to review and approve these proposals.
