Worthy Christian News > World Headlines > With the Return of US Sanctions, EU Enacts Statute Aimed at Keeping European Companies in Iran

With the Return of US Sanctions, EU Enacts Statute Aimed at Keeping European Companies in Iran

Wednesday, August 8, 2018 | Tag Cloud Tags: Economy, EU, Euro, Europe, European Union, Germany, Iran, News, sanctions, Trade, Trump, United States, Worthy News | Learn about our FREE SYNDICATION Service | Don’t rely on social media — get Worthy by email! | Printer Friendly

(Worthy News) – In a bid to sustain trade and economic relations with Iran, the European Union is looking to its so-called “blocking statute” that will forbid European companies from complying with enacted U.S. sanctions.

Germany is a major trade partner to Iran, and its economy ministry pledged Monday to “guarantee” investment and exports to Iran. Debate continues, however, over whether companies will choose to stay.

Much is at stake, as President Trump underlined in a tweet Tuesday: “Anyone doing business with Iran will NOT be doing business with the United States.” [ Source: CNS News (Read More…) ]

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