Tuesday, August 7, 2018

EU Threatens European Firms That Comply With Trump's Iran Sanctions



EU Threatens European Firms That Comply With Trump's Iran Sanctions



European firms that cut ties with Iran over new US sanctions which kicked in at Midnight might find themselves subject to sanctions of their own, warned an EU official. 
“If EU companies abide by U.S. secondary sanctions they will, in turn, be sanctioned by the EU," Nathalie Tocci, an aide to the EU’s foreign policy chief Federica Mogherini, told BBC Radio 4 on Monday, according to NBC News.

The EU is helping Iran "In order to signal, diplomatically, to the Iranians that Europeans are serious" about trying to salvage the Iran nuclear deal - which President Trump pulled out of in May, sending former US Secretary of State John Kerry running around Europe and the UN to try and nurse his baby back together. 


At midnight Monday, the U.S. began targeting oil-rich Iran's automotive industry and civil aviation sector, as well as trade in gold and other metals in a set of punitive measures that had been eased under Trump’s predecessor, Barack Obama.
Trump has called for a wholesale overhaul of Iranian regional policies, such as an end to its military support for the Syrian government and regional militant groups like Lebanon's Hezbollah. The 2015 pact did not curb these actions, one reason Trump has called the agreement "the worst deal ever." -NBC News
Early Tuesday morning, President Trump tweeted "Iran sanctions have officially been cast," adding "Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!" 


There were some signs Trump's aggressive policy was already working. Yesterday, Iran's President Hassan Rouhani, under rising economic and political pressure, spurned President Donald Trump’s suggestion for talks with “no preconditions.” However, in a televised address on Monday night, Rouhani also said Iran is open to negotiations if the U.S. is “sincere,” but he added that such talks would be meaningless while his nation is being hit with sanctions. Trump and his top aides have raised the possibility of face-to-face discussions with Rouhani with “no preconditions.”




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