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Europe Is Seeking “Practical Solution” To Salvage Iran Deal

  • Europe Is Seeking “Practical Solution” To Salvage Iran Deal
    by Tyler Durden,
    Much to President Trump’s chagrin, The European Union’s top diplomat, Federica Mogherini, said on Tuesday that the bloc would seek avenues for protecting businesses operating in Iran – even as the US threatens to impose tighter sanctions on any company that dares to continue operating in Iran after the US has revived its economic sanctions.

    While it couldn’t provide any economic or legal guarantees to the Islamic Republic, Mogherini said they would find a way to keep badly needed investment flowing into Iran. A series of experts have been assigned to the issue, and they’re expected to propose a few options in the coming weeks.

    “We are working on finding a practical solution,” Mogherini told a news conference.

    “We are talking about solutions to keep the deal alive,” 
    she said, adding that measures would seek to allow Iran to keep exporting oil and for European banks to operate.

    The EU has already warned the US that it’s prepared to impose “counter-sanctions” if the US interferes with European firms who choose to maintain their business relationships in Iran, as President Trump threatened to do in a phone call with European leaders shortly before he announced the US’s withdrawal from the agreement, according to Reuters.

    read more.


May 16, 2018 - Posted by | Economics, GeoPolitics | , , ,

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