Macron: EU Must Defend Firms against US Iran Sanctions

Macron: EU Must Defend Firms against US Iran Sanctions

Macron: EU Must Defend Firms against US Iran Sanctions

The nuclear agreement of 2015 is an important element of peace and security in the region, and we chose to support it, whatever the U.S. decision was. "They should continue to have this freedom", he added".

However, EU officials say there is no easy way to protect EU firms from USA sanctions and that it will take time for the bloc to devise what will likely be a complex mix of national and EU-level measures.

On May 8, US President Donald Trump declared Washington's withdrawal from the JCPOA, a deal that restricted Tehran's nuclear developments in exchange for the abolishment of corresponding sanctions of the UN Security Council and unilateral restrictive measures earlier introduced by the US and EU.

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For her part, Sahra Wagenknecht, president of the opposition Left Party (Die Linke), supported Merkel's position on the JCPOA and said that 'we have demanded a more autonomous and independent policy from the United States, and we are happy that we are no longer alone on that position'.

CEO Soren Skou told Reuters on Thursday that A.P. Moller-Maersk was following suit.

European Commission head Jean-Claude Juncker was due to present options to protect the substantial European investment in Iran.

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The 28 anxious EU leaders are gathering in the Bulgarian capital for discussions over dinner on how to salvage the nuclear deal and European business dealings with Iran from Trump's sanctions.

President Hassan Rouhani has said Iran would remain committed to the deal, which China, Russia, Britain, France and Germany also signed, provided those powers ensured Iran was protected from sanctions.

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