Europe prepares barriers to US sanctions in Iran

Europe prepares barriers to US sanctions in Iran

President Donald Trump demanded companies shut down their activities in the country under penalty of fine

President Donald Trump Demands Companies to Terminate Their Activities in the Country on Penalty Credit: Saul Loeb / AFP / CPPeople's Mail - Cities# publi-Inicio-Post {display: none;} The European Union is studying ways to prevent US sanctions from affecting bloc companies with investments in Iran, according to the newspaper O Estado de S. Paulo.Under pressure from France, which said on Tuesday it would not accept US reprisals, Brussels is considering setting up a mechanism to prevent dollar transactions.Sanctions were reinstated after Donald Trump withdrew the US from the nuclear deal with Iran. The three signatory European countries - France, Germany and the United Kingdom - intend to comply with the treaty, also signed by China and Russia.The ruling, however, sets out European companies that have contracts in place or negotiate with the Iranians.By Trump's decision, all companies will have between 90 and 180 days to terminate their activities in Iran, other...


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