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. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/VuEhQE
  1. https://goo.gl/kd58z1
  • https://goo.gl/k6Bbyw
  • https://goo.gl/SgEPHq
  • https://goo.gl/AsV4Ht
  • https://goo.gl/WxQsLg

You can also read ...

India Co. Says ‘Important’ to  Buy Some Iranian Oil
Mangalore Refinery and Petrochemicals, a subsidiary of India’s...
NIOC Chief: US Talk to Zero Iran Oil Export Is Hot Air
Rhetoric from the United States that it wants to reduce Iran’s...
Crude Prices Rise
Oil prices rose for a fourth day on Wednesday after industry...
NOPEC Threat Prompts Change at OPEC
OPEC has urged its members not to mention oil prices when...
Iran's Marjan Petrochem Company Exports 1st Methanol Cargo
The first 20,000 ton methanol consignment produced by Marjan...
Russian Expert: Collaboration With Oil Majors Could  Help Iran Enhance Energy Output
Iran has proved that it has great potential for investment...
Foreign Firms to Invest in Mazandaran DGs Power Projects
Foreign companies have signed contracts to invest in small...

Add new comment