United Europe plots to bypass Trump sanctions on Iran
2018-05-18 09:47:06 source：The Times
May 18, 2018
The European Union will begin work today on legislation to block US sanctions on companies doing business with Iran.
The decision came after member states agreed unanimously to stick to the Iran nuclear deal after President Trump’s withdrawal.
The European Commission will start reactivating a so-called blocking statute against extra-territorial sanctions after members states gave it the “green light to be ready to act whenever European interests are affected”. The statute, never tested in a court, was written in 1996 to block US sanctions from applying to European companies.
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