EU could compensate firms hit by U.S. sanctions over Iran: French minister

International
  • 12-11-2018, 10:23
    • +A -A

      INA – Paris - Sources France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with Iran, said French finance minister Bruno Le Maire on Sunday. Le Maire referred to EU rules going back to 1996 which he said could allow the EU to intervene in this manner to protect European companies against any U.S. sanctions, adding that France wanted the EU to toughen its stance in this area. In 1996, when the United States tried to penalize foreign companies trading with Cuba, the EU forced Washington to back down by threatening retaliatory sanctions.

Related news

Academy Awards nominations 2020 that will be held on the ninth of February

  • Culture and art
  • 03:04

Masjedi: Tehran supports the unity of Iraq and does not have relations with Iraqi factions outside government contexts

  • politics
  • 01:32

MOFA: Iraq is on the way to promoting common options with the United States

  • politics
  • 03:17