EU arms itself against US sanctions against Iran

European companies that trade with Iran or are economically active in the country will be legally protected against US sanctions from Tuesday morning onwards for six hours.

European companies affected by US measures can be compensated for damages. The EU deeply regrets the sanctions, including the blocking of certain financial transactions, 'according to a joint declaration by EU foreign chief Federica Mogherini and the German, French and British Foreign Ministers.

The European Commission has withdrawn the 1996 drafted but never implemented regulation to save the nuclear agreement with Iran. In the spring, US President Donald Trump resigned the 2015 atomic deal.