EU Offers Iran $20 Million to Counter U.S. Sanctions, Despite Trump Threats
- EU Offers Iran $20 Million to Counter U.S. Sanctions, Despite Trump Threats
by JASON LEMON, https://www.newsweek.com/
The European Union will give Iran more than $20 million in aid to counter the repercussions of U.S. sanctions, despite threats from President Donald Trump.
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The aid package, agreed to on Thursday, will support the public and private sector in a bid to save the 2015 Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran Nuclear Deal, Reuters reported. With re-imposed sanctions on Tehran earlier this month, Trump warned that anyone continuing to do business with the country would face consequences.
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“Anyone doing business with Iran will NOT be doing business with the United States,” he tweeted on August 7, hours after the sanctions went into force.
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European leaders, as well as those of JCPOA signatories Russia and China, have largely ignored Trump’s threats. After the president officially withdrew the U.S. from the agreement in May, the leaders of signatory nations criticized the move, arguing that the deal had been effective in curbing Iran’s nuclear ambitions.
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Foreign ministers of traditional U.S. allies the United Kingdom, France, Germany and the EU issued a joint statement expressing regret at Trump’s decision to reimpose sanctions. The ministers also said that Europe would take steps to “protect” its economic interests in Iran.
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Nathalie Tocci, an aide to EU foreign policy chief Federica Mogherini, also told BBC Radio 4 earlier this month that Europe could issue additional sanctions against any EU business that caves to Washington’s pressure.
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