Economy 06-08-2018

EU France Germany and the UK will maintain economic ties with Iran despite potential US sanctions

While the United States is ready to re-impose sanctions on Iran as of today, the European Union (EU) and three of its most influential members - the United Kingdom, France and Germany - said who will maintain their economic ties with Tehran.

European Union Foreign Policy chief Federica Mogherini, who is currently on an official tour in Asia, issued a joint statement with the foreign ministers of the United Kingdom, France and Germany, saying they "are determined to protect European economic operators involved in legitimate business with Iran. "

By establishing that the Iranian nuclear agreement, also known as the Joint Comprehensive Action Plan (PAIC), is working and reaching its objective, they emphasized that the agreement "is a key element of the global architecture of nuclear non-proliferation, crucial for the security of Europe, the region and the whole world. "

"This is the reason why the updated European Union Statute of Enforcement enters into force on August 7 to protect EU companies that are doing legitimate business with Iran from the impact of US extraterritorial sanctions," officials said. .

The remaining parts in the PAIC will maintain effective financial channels with Iran and will continue to buy Iranian oil and gas.

"Preserving the nuclear agreement with Iran is a matter of respect for international agreements and a matter of international security," they said.


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