EU moves to protect European firms from US sanctions on Iran

The Guardian | : Foreign ministers mull next steps, threatening to put Europe on economic collision course with US

The European Union has moved to protect the 2015 Iran nuclear agreement by vowing to take steps to immunise European firms doing business with Tehran from any US sanctions.

France also said on Wednesday it would do everything possible to protect European businesses, a day after Donald Trump announced the US would exit the Iran deal agreed with other major powers in 2015, and impose the highest level of economic sanctions against Iran.

EU foreign ministers will meet their Iranian counterpart, Mohammad Javad Zarif, next week to offer personal reassurances they will take practical steps to protect the deal from sweeping US Treasury sanctions due to come into force over the next 180 days.

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