cyberianpan
Well-known member
The US is essentially ordering all firms globally to follow its Iranian sanctions
Previously the EU ignored Cuba sanctions
Reuters -EU could impose blocking regulations if U.S. pulls out of Iran deal
If the EU seeks to block the sanctions, the US may try to fine the US entities of the EU companies
Is Europe willing to risk this battle ?
What's the stance of our government ?
Cyp
Previously the EU ignored Cuba sanctions
Reuters -EU could impose blocking regulations if U.S. pulls out of Iran deal
Hours into his new job, Trumps ambassador to Germany offends his hostsDenis Chaibi, head of the Iranian taskforce at the EUs external action service, said one of the options would be to restore blocking regulations, a system from 1996 that would protect its firms.
We are looking at a number of possibilities. It is not complicated to do it legally in that the legal instrument exists, but it doesnt require a huge internal debate, Chaibi told a Euromoney conference in Paris.
The regulations were agreed in 1996 as a countermeasure to the U.S. extraterritorial economic sanctions against Cuba, which EU governments argued benefited U.S. foreign policy interests at the expense of European sovereignty.
In a tweet following President Trumps announcement to leave the Iran nuclear deal, Grenell wrote that German companies doing business in Iran should wind down operations immediately. Germany, alongside France and Britain, wants to stick to the deal Trump is seeking to scrap. And while Grenells post may not deviate from the official White House stance on future European business dealings with Iran, the timing and tone struck some German politicians, journalists and businessmen as offensive and inappropriate.
If the EU seeks to block the sanctions, the US may try to fine the US entities of the EU companies
Is Europe willing to risk this battle ?
What's the stance of our government ?
Cyp