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 | Sign up for our Worthy Briefs! | 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…) ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
Tag Cloud Tags: Economy, EU, Euro, Europe, European Union, Germany, Iran, News, sanctions, Trade, Trump, United States, Worthy News