EU to Protect Firms in Iran Following US Refusal to Grant WaiversEU countries on Monday gave European firms legal cover to operate in Iran despite the US pullout from the nuclear deal, after a report that the US administration has rejected calls by Brussels for an exemption from sanctions.
EU lawmakers back plan for EIB work in IranEU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.
European firms to continue trade with Iran: EnvoyBulgarian Ambassador to Tehran Christo Polendakov said US unilateral withdrawal from Iran deal creates no obstacle for those European firms interested in having trade in Iran.
German Gov't sets up Iran advisory office for companiesThe German government has set up a special office to advise companies worried about their economic transactions with Iran amid fears they'll be targeted by US sanctions.
Iran-EU trade at €5.3b in Q1The trade between Iran and European Union countries during the first three months of 2018 stood at €5.3 billion, the same as the figure of the first quarter of 2017, Tasnim news agency reported.
Iran-Ireland trade exchange doublesThe trade exchanges between Iran and Ireland doubled in 2017 compared to a year before, according to the latest statistics released by Irish Statistics Center.
German biggest banking group keen on cooperating with Iran despite US sanctionsA German group of six Volksbanks wants, despite US sanctions, to continue providing financial services to companies that want to export goods and services to Iran.
EU Moves to Block US Sanctions Against IranT he European Commission said on Friday it had started the process of renewing a sanctions-blocking measure to protect European businesses in Iran, after the United States pulled out of the Iran nuclear accord and reimposed sanctions on Tehran.
Iran is EU’s strategic partner: Bulgarian minister Bulgarian Minister of Economy Emil Karanikolov said Iran is a strategic partner for the European Union, IRIB reported.
Germany Dithers on Shielding Firms From Fresh US SanctionsG ermany wants to help its companies continue doing business in Iran after the US decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday.
