EU sets course for US clash with law blocking Iran sanctions

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European leaders to launch statute to protect EU firms doing business in Iran

The EU has put itself on a collision course with the US over Donald Trump’s decision to withdraw from the nuclear deal with Iran, as major European firms started to pull out of the country to avoid being hit by sanctions.

In an attempt to shield EU companies doing business with Iran, the European commission president, Jean-Claude Juncker, said he would turn to a plan last used to protect businesses working in Cuba before a US trade embargo was lifted on the Latin American country.

Related: Trump is wrong over Iran, but Europe can’t afford to divorce the US | Bruno Tertrais

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Source: iran
Link : EU sets course for US clash with law blocking Iran sanctions

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