Tuesday, August 07, 2018
The European Union's top foreign affairs representative Federica Mogherini and three EU foreign ministers, Jeremy Hunt from the UK, Jean-Yves Le Drian from France and Heiko Maas from Germany, have jointly condemned American sanctions against Iran. While the US has withdrawn from the Joint Comprehensive Plan of Action -- otherwise known as the Iran nuclear deal -- which aims to ensure Iran's peaceful use of nuclear energy, the EU, China, Russia and Iran continue to uphold the agreement. Now the EU wants to circumvent the current US sanctions, which will also punish European companies that do business with Iran.
The EU Commission considers the 'secondary sanctions' imposed by the US on European companies illegal. The Americans are seeking to ban European carmakers, banks and energy companies from doing business with Iran. If they violate the ban, their assets in the US may be seized. Even American companies dealing with European companies, which in turn are engaged in Iran, face penalties.
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