EU Eager to Avert New US Sanctions
EU Eager to Avert New US Sanctions
Thursday, May 24, 2018

EU Eager to Avert New US Sanctions

The European Union’s 28 members have voiced their political will for the prevention of US transboundary sanctions on European companies for trading with Iran
As soon as US sanctions are reimposed, powerful economies like China and Russia will reinforce their relations with Iran to minimize the adverse effects of sanctions
Thursday, May 24, 2018

EU Eager to Avert New US Sanctions

The European Union states have the political will to implement special mechanisms to avoid imposing the United States’ prospective sanctions against Iran after it pulled out of the nuclear deal that the world powers and Iran had concluded in July 2015, the Oil Ministry’s deputy for international affairs said.
“The EU members want to continue their trade relationships with Iran based on the Joint Comprehensive Plan of Action,” Amirhossein Zamaninia was also quoted as saying by Shana, the Oil Ministry’s official news agency, on Tuesday.
“These relations have relatively become normalized following the implementation of JCPOA and only some banking problems remain,” Zamaninia added.
US President Donald Trump decided on May 8 to abandon JCPOA and reinstate sanctions that were in force before the international accord’s implementation more than two years ago. 


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