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Iran sanction

EU mulls clearing house

Published : Saturday, 15 September, 2018 at 12:00 AM  Count : 84

FRANKFURT, Sept 14: The EU's biggest economic powers are planning to create a "special purpose" financial company to thwart U.S. President Donald Trump's sanctions and help Iran to continue to sell oil in Europe.
The move, by France, Germany and Britain, and supported by the EU, is likely to enrage Trump, who in May unilaterally withdrew from the Iran nuclear accord, which the Europeans, Russia and China continue to support and have pledged to do their utmost to         protect.
A first battery of renewed US economic sanctions took effect against Iran last month.    -AFP












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