EU determined to protect companies from US sanctions on Iran

The European Union, France, Britain and Germany announced on Monday their commitment to protecting European companies doing legitimate business with Iran from future sanctions.

The EU foreign ministers and the three countries expressed in a joint statement regret for the United States withdrawal from the 2015 nuclear agreement signed with Iran, and the activation of sanctions against it.

“We are determined to protect European companies conducting legitimate business activities with Iran under the laws of the European Union and the UN Security Council resolution”.

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The statement stressed that the updated EU laws, to protect European companies that may be affected by the sanctions will come into effect on Tuesday.

Iran Nuclear Deal or Trump protecting Israel – Cartoon [Sabaaneh/MiddleEastMonitor]

Pompeo told reporters that the White House will issue a statement on Monday regarding the sanctions to be applied against Iran, saying sanctions were “an important part of efforts to combat harmful Iranian activities”.

On May 8, US President Donald Trump announced the US withdrawal from the nuclear agreement signed between Iran and the world powers in 2015 and the reimposition of sanctions on Tehran.