Europe to exempt its firms from USA sanctions on Iran

Total may pull out of Iran South Pars project

As long as the Iranians respect their commitments, the EU will of course stick to the agreement of which it was an architect - an agreement that was unanimously ratified by the United Nations Security Council and which is essential for preserving peace in the region and the world,"said the President of the European Commission, Jean-Claude Juncker".

The European Commission says it has launched "the blocking statute" process to protect Europeans from United States sanctions on Iran as part of efforts to preserve the nuclear deal with Tehran.

The Commission said the measure would come into force within two months, unless the European Parliament and EU governments formally rejected it, but that it could also be activated sooner if there was strong political support, Reuters reported.

The 2015 Iran nuclear deal was a pact negotiated by Iran, China, Russia, Germany, France, and Britain, as well as the European Union and the USA, that authorized the lifting of economic sanctions against Tehran in exchange for the dismantling of its nuclear program and compliance with worldwide atomic regulations.

We also made a decision to allow the European Investment Bank to facilitate European companies' investment in Iran.

French President Emmanuel Macron said Thursday that one reason for the efforts to prop up the Iran deal is "so that our businesses can remain" in Iran.

Malaysia's ex-deputy premier Anwar Ibrahim released after getting full pardon
Surrounded by media and supporters, Anwar walked out of a hospital Wednesday where he was recovering from surgery. Malaysia's former opposition leader Anwar Ibrahim has been released from custody and pardoned .

"We will begin the "blocking statute" process, which aims to neutralise the extraterritorial effects of U.S. sanctions in the EU".

The President of the European Commission, Jean-Claude Juncker said: "In Sofia, we saw a show of European unity".

The White House said that the Joint Comprehensive Plan of Action (JCPOA) provides Iran with opportunities for creating a nuclear bomb by evading all current restrictions. As long as the Iranians respect their commitments, the European Union will of course stick to the agreement of which it was an architect - an agreement that was unanimously ratified by the United Nations Security Council and which is essential for preserving peace in the region and the world.

USA sanctions must be reinstated within 90 to 180 days.

Iranian Foreign Minister and foreign ministers of major world powers stand for a photo after reaching a historic nuclear accord in 2015.

What action are Europe's businesses taking?

Related:

Comments

Latest news

Nikki Haley defends Israel after Gaza violence, walks out of meeting
Israeli troops ended up killing some 60 people and wounding thousands during the protests along the Israel-Gaza border. Israel captured east Jerusalem in the 1967 Mideast war and later annexed it in a move not recognized internationally.

Dead, 3 Hurt In Suspicious Explosion At Southern California Office Complex
She and the three injured were likely in close proximity to the explosion, Sawyer said. "And the ground shook", he said. Neighbors of Krajnyak said that she and her husband were separated but still living in the same house.

Buhari greets Muslims on Ramadan fast
But even among American Muslims who say religion is "not too" or "not at all" important, a substantial share (41%) say they fast. Secretary of State, Mike Pompeo, in a statement on Wednesday, May 16 wished Muslims a peaceful and blessed Ramadan, NAN reports.

European Union top diplomats to follow through JCPOA
It would seem, that the Obama brokered deal was so one-sided that Iranians had to bribe officials to go along with it. Other signatories to the JCPOA, however, criticized Trump's decision to unilaterally pull out.

Stevens Expects Counterpunch From LeBron In Game 2
James can't be happy with his team just standing around on 50-50 balls, and allowing open threes over and over again. Aaron Baynes held his own when he was out on the floor too, obtaining six rebounds and shooting 4-7 from the field.

Kim must send his nukes to US: Bolton
After their April 27 meeting, Kim and Moon issued a vague vow for the "complete" denuclearization of the Korean Peninsula. Seoul's Ministry of Unification said Tuesday that Pyongyang had invited eight South Korean reporters to the event.

Laurel or Yanny? The Audio Version of 'The Dress,' Explained
An audio recording of what some people hear as a robotic voice saying " Laurel ", has been heard by others as " Yanny ". What you expect to hear is, to a large extent, what your brain will hear-and what your brain hears is all that matters.

Hundreds of thousands remain without power after deadly storm pounds US
Two people died and thousands of homes and businesses were without power after strong storms pounded the Northeast on Tuesday. Damage to train tracks from severe weather has suspended Brunswick, Maryland's MARC's Brunswick Line service.

Elon Musk Explains Improvements to SpaceX's Falcon 9 Block 5 Rocket
The only vacuum-optimized Merlin engine Falcon 9's second point includes a 5% push growth to 220,000 pounds-force, " he explained. The mission served as the first flight of Falcon 9 Block 5 , the final substantial upgrade to SpaceX's Falcon 9 launch vehicle.

IPL: RCB decimate KXIP by 10 wickets
Ashwin Run Out for a duck! The hitter from West Indies has been hitting the ball hard and far amassing fast runs in the process. Tye threw his wicket once again to a short ball as he edged it back to the wicketkeeper and there was no looking back for RCB .

Stalker 2 Development Confirmed, Launches in 2021
A similar message appeared in the official group of the game " Cossacks 3 ", which also deals with the Studio GSC Game World . There's bugger all info available at the moment, but fans of S.T.A.L.K.E.R. can rejoice: you're getting a sequel.

Firebrand cleric Moqtada Sadr forward in Iraq's parliamentary elections
The Iranian-backed Shi'ite militia chief Hadi al-Amiri came in second with about 1.2 million votes and will control 47 seats. Washington's preferred candidate, Prime Minister Haider al-Abadi, has been knocked into third place.

Baynes plays well as Celtics down Cavs
James, who managed just 15 points in the Game 1 loss, has won five consecutive East playoff series after losing the series opener. Asked in the locker room by ESPN after the game if his head was OK, James nodded solemnly and said, "I'm OK".

Wall Street drops on concerns over US-China trade woes, rising inflation
Stocks are opening moderately higher on Wall Street, led by gains in technology, health care and energy companies. Chip maker Nvidia fell 3.8 percent; drug maker Celgene slid 3.9 percent.

Soros-backed foundation leaving Hungary
It would also impose a 25-percent tax on foreign donations to NGOs that back migration. Earlier against Soros and his Foundation in Hungary was launched large-scale campaign.

Other news