Trump signals sanctions on EU companies over Iran

IRNA – US President Donald Trump warned European companies that they would face secondary sanctions if they violated US restrictions on doing business with Tehran following Washington’s move to pull out of the Iran nuclear deal.

The US president said on Sunday that he would not exempt European companies from Iran-related sanctions–suggesting that EU demands for waivers would be ignored, ft.com reported.

Asked in a Fox News interview if he would sanction European companies that did business with Iran, Trump responded: “Yes, of course. That’s what we’re doing. Absolutely.”

Trump’s declaration came less than a month after Germany, Britain and France pleaded with his administration to provide exemptions for EU companies, as Europe tries to salvage the nuclear deal without US participation.

Trump withdrew from the Iran nuclear deal earlier this year and has shown no signs since of reversing course.