Iran nuclear deal: EU moves to avoid impact of US sanctions
These are external links and will open in a new window/ European companies have invested heavily in Iran's energy sector The EU has begun reviving legislation that will allow European companies to continue doing business with Iran, despite US sanctions, officials say. The so-called "blocking statute" was introduced in 1996 to circumvent US sanctions on Cuba but was never used. An updated version of the measure should be in force before 6 August, when the first sanctions take effect. It will prohibit European companies from complying with ...
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