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Keyword: blockingstatute

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  • EU to reactivate 'blocking statute' against US sanctions on Iran for European firms

    05/17/2018 2:21:29 PM PDT · by Olog-hai · 31 replies
    Deutsche Welle ^ | 05.17.2018 | cmb/msh (dpa, Reuters, AP)
    European Union Commission President Jean-Claude Juncker announced Thursday that the bloc plans to reactivate a law that would seek to block European companies from complying with any sanctions the US would reintroduce against Iran. Juncker’s announcement came during the second day of an EU meeting in the Bulgarian capital, Sofia, which had already been marked by sharp criticism from European leaders over American President Donald Trump’s decision to pull the US out of the 2015 Iran nuclear deal. […] German-headquartered insurance firm Allianz and Danish shopping company Maersk have already said they plan to close operations in Iran in order...