EU Launches Measures To Protect European Biz In Iran
18 May, 2018, 16:18 | Author: Orlando Hughes
The Iran nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA, ) signed by Tehran and the five permanent members of the UN Security Council - the US, France, Britain, Russia and China - plus Germany on July 14, 2015, imposes strict restrictions on Iran's nuclear program in return for the loosening of economic sanctions.
The EU launched formal steps Friday aimed at sparing European firms fallout from U.S. sanctions on Iran as part of efforts to preserve the nuclear deal with Tehran.
The "blocking statute" is a 1996 regulation originally created to get around Washington's trade embargo on Cuba.
US President Donald Trump's decision to walk away from the 2015 nuclear agreement with Iran has raised serious concerns and worries among America's European allies.
The European Commission received the unanimous backing of EU heads of government to proceed with proposals made by commission president Jean-Claude Juncker and High Representative Federica Mogherini, which aim to protect European companies investing in Iran through action on four fronts.
Brussels also needs to prove that Washington can not dictate how European businesses operate.
Unless it is formally rejected by the European Parliament and EU governments, the measure will come into force within two months, and can be activated sooner if there is strong political support.
"But the American sanctions will not be without effect".
Much to Europe's displeasure, foreign companies doing business with Iran are also at the crosshairs of the US sanctions.
Where do Europe's leaders stand?
Meanwhile, the commission also stressed Friday that the European Union remains committed to its "essential cooperation" with the U.S., which remains a key partner and ally.
German Chancellor Angela Merkel said on Thursday that it might be possible to compensate small and medium-sized firms, but not all businesses, from United States sanctions.
Meanwhile, the head of Iran's Atomic Energy Organisation called on the European signatories to make up for the United States withdrawal from the agreement.
Speaking on Thursday, Juncker said if the USA exempted the European Union from import tariffs, the bloc would consider buying more liquefied natural gas from the US. "The president of the French republic is not the CEO of Total", said French President Emmanuel Macron, commenting on the decision by the French oil firm to withdraw from an Iranian project.
The province, which also borders the opium-rich Taliban heartland of Helmand province, has key smuggling routes into Iran. Taliban fighters have also attacked the city's hospital, where they killed two wounded Afghan police officers.
Both players are preparing for next month's FIFA World Cup in Russian Federation , in which Germany is among the favorites. Erdogan´s visit comes just weeks before Turkey holds early parliamentary and presidential elections on June 24.
The show always premieres in Fox's traditional late September release window, usually right around the autumnul equinox. The new season will be having 13 episodes, bringing the total episodes of " Gotham " to 100 episodes.
Iranian Foreign Minister Mohammad Javad Zarif said the meeting had been a good start, but he wanted to see guarantees materialize. German exports to Iran totalled almost €3bn (£2.6bn) in 2017, while French exports soared from €562m in 2015 to €1.5bn in 2017.
The 28-year-old said that she was using her phone prior to the collision while the semi-autonomous driving features was enabled. Tesla is constantly updating its cars, so look for more software updates coming to the Model 3 in upcoming months as well.
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Located in mountainous terrain in the northeast of the country, Punggye-ri is less than 100 miles (160 kilometers) from China. The shutdown process will unfold under the presences of journalists, including those from the US and South Korea.
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