29 Mar 2024
Tuesday 15 May 2018 - 10:37
Story Code : 305077

EU working on options to counter US anti-Iranian sanctions



Sputnik - The European Union is going to develop security measures to defend itself from possible negative effects of the Trump administration reimposing sanctions against Iran, EU Ambassador to the United States David OSullivan said during remarks at the Atlantic Council on Monday.




President Donald Trump last week announced the US withdrawal fromthe Joint Comprehensive Plan ofAction (JCPOA), also known asthe Iran nuclear agreement. The US Treasury Department immediately afterthe decision began reimposing sanctions onIran.

"We would have toconsider how toaddress the negative impacts ofany primary or secondary sanctions which may be reintroduced bythe United States that would affect European firms," OSullivan said.

OSullivan promised theEUwill work onoptions toprotect its economic interests againstUS extraterritorial sanctions. He also said the EU is going tofollow its commitments underthe JCPOA.

The EU envoy said while Iran fully complied toits commitments underthe JCPOA, it could change its opinion likeWashington did.

Europeans do not see a credible substitute forthe JCPOA, he added, which is vital toglobal and European security. The EU Ambassador also said the United States did not provide any alternative forthis agreement.

The JCPOA, signed byIran, the P5+1 and EU in2015, requires Tehran tomaintain a peaceful nuclear program inexchange forsanctions relief. Iran has been infull compliance withthe terms oftheJCPOAasverified in11 International Atomic Energy Agency (IAEA) inspection reports released sincethe deals inception.

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