EU officials on Tuesday issued guidance on a “blocking” regulation designed to shield European firms from the effect of newly re-imposed U.S. sanctions against Iran, but left key questions unaddressed and did not estimate how the rule would work in practice, say analysts.
EU leaders unanimously approved a proposal to “block” U.S. sanctions against European firms trading with Iran, officials announced Thursday.
U.S. Secretary of State Mike Pompeo and U.S. Treasury Secretary Steve Mnuchin held a joint press conference to discuss the reimposition of sanctions against Iran and the awarding of exemptions to six countries for the purchase of Iranian oil.
November 5, 2018
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