European Union moves to block U.S. sanctions on Iran

EU vows to block blow of US Iran sanctions

EU vows to block blow of US Iran sanctions

"On Iran, from the start, Europe remains united with a desire to maintain peace and stability in the region", said Macron, adding that the nuclear deal was "an important element in this balance". He has made us realise that if you need a helping hand, you will find one at the end of your arm."European leaders are troubled by Trump's "America first" rhetoric and inconsistent statements on North Atlantic Treaty Organisation and the European Union".

"You said that the problem with Iran, in the past, and maybe today and tomorrow, is unpredictability".

Tusk said he wanted the European leaders to "reconfirm" that they will stay in the Iran deal, as long as Tehran respects it - although Europe must now find a way to make up for the USA sanctions on Iran that Trump will reactivate. "We have an interest in diversifying our sources of supply", the European source said.

"Unpredictability is the last thing we need with friends and family".

The EU has discussed instituting a so-called blocking statute, which would shield European companies doing business with Iran.

According to the source, they reaffirmed that they will "not negotiate with a gun at its head", but they said they are ready to talk with the U.S. once its decides on a permanent tariffs exemption for the EU.

Dutch Prime Minister Mark Rutte said the way in which U.S. President Donald Trump cancelled the nuclear agreement with Iran was "pretty rude", reported Dutch daily Het Financieele Dagblad (FD) on Thursday.


Trump might have made his conservative constituencies back home pleased as a leader who keeps his promises (both the decisions on the Iran deal and Jerusalem were something Trump pledged during the 2016 presidential campaign) but on the ground, these moves have ended the US's reputation as a trusted intermediary and made a global disaster look imminent.

Even by the stressed standards of relations between Europe and the United States in the Trump era, European Council President Donald Tusk's Wednesday criticisms were unusually cutting.

The EU leaders were also due to discuss the deaths of dozens of Palestinians in Gaza after Trump moved the USA embassy to Jerusalem, in another move that the Europeans had strongly opposed, but there were no details on that discussion.

The EU would be ready to "improve reciprocal market access, for industrial products, including amongst others cars, and liberalisation of public procurement", the source said.

In addition to funding new transport and electricity links and a large increase in Erasmus grants for students to study in the European Union, the leaders welcomed the "partners' commitment to the primacy of democracy and the rule of law, especially the fight against corruption and organised crime, good governance, as well as respect for human rights and rights of persons belonging to minorities". "That isn't a sustainable path for us", Taoiseach Leo Varadkar said.

The veiled threats did not stop a London-based consortium of worldwide companies striking a deal to develop an oilfield in Iran for 655 million barrels of oil in the southwestern Kernaj field. As this rebuke was not enough, US State Department's top expert on nuclear proliferation resigned in the aftermath of President's abrupt decision to scrap the Iran nuclear deal.

The "blocking statute" is a 1996 regulation originally created to get around Washington's trade embargo on Cuba.

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