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EU Enforces Blocking Statute, Vows to Fight for Nuclear Deal

European countries say they are committed to work on "the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran's export of oil and gas"
EU Enforces Blocking Statute, Vows to Fight for Nuclear DealEU Enforces Blocking Statute, Vows to Fight for Nuclear Deal

European leaders said Monday that they were working to preserve the nuclear deal with Iran despite renewed US sanctions against Tehran as the European Commission brought into enforce  a so-called blocking statute that allows EU operators to recover damages arising from US extraterritorial sanctions.
Sanctions by the US came back into force on Monday, as a consequence of US President Donald Trump’s decision to pull out of the deal.
In a joint statement, the European guarantors of the Iran nuclear accord, formally known as the Joint Comprehensive Plan of Action (JCPOA), made clear they were actively working to thwart the US sanctions, the official website of the European Union reported.

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