Sunday

21st Apr 2019

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EU to start process to counter US Iran sanctions

The European Commission will begin the process on Friday of applying a 'blocking statute' against potential US extraterritorial sanctions on EU companies that operate in Iran, commission president Jean-Claude Juncker said Thursday at an EU summit in Sofia. The 1996 regulation allows companies to ignore penalties issued by certain non-EU jurisdictions. Juncker also said the European Investment Bank will "facilitate investment between Europe and Iran".

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