EU To Use 'Blocking Statute' Against US Sanctions On Iran

EU To Use 'Blocking Statute' Against US Sanctions On Iran

German Chancellor Angela Merkel is signaling it won't be feasible to offer wide-ranging compensation to European companies affected by USA sanctions over Iran's nuclear program.

Their anti-Trump mood was reflected in a speech on Wednesday by Donald Tusk, president of the European Council, who denounced what he called the "capricious assertiveness of the American administration".

France, Macron said, backed proposals by the European Commission to protect and compensate European companies that might be hit by United States sanctions for trading with Iran. If the White House is willing to grant the European Union a special status that leaves it off the targeted entities list, the European Union is then ready to start trade liberalisation talks with the US, Juncker said.

"We have chose to support the Iran deal despite the United States actions".

Meanwhile, Iran's oil minister said that Chinese state-owned oil company CNPC was ready to replace Total on a major gas field project in Iran.

Earlier this month US President Donald Trump's controversially pulled Washington out of an global deal with Iran that placed limits on its nuclear programme in return for easing economic sanctions.

United States of America may impose sanctions against companies engaged in Nord Stream 2 construction
"We would be delighted if the project did not take place", she told reporters in Berlin. Up to now Turkey received Russian gas transited via Ukraine, Romania and Bulgaria.

Echo smart speaker: Amazon feels squeeze as Google and Apple make gains
Alibaba, Apple and Xiaomi meanwhile advanced their shares from 0 percent to 7.6 percent, 6 percent, and 2.4 percent respectively. As expected, with the advantage of being the early mover, Amazon leads the market with 43.6% of all the shipments in Q1 2018.

Rex Tillerson Takes Subtle Shots At Trump During Commencement Speech
Their relationship turned sour after Tillerson called Trump a "moron" during a meeting at the Pentagon in July a year ago . However, the main theme of Tillerson's commencement speech appeared to be rooted in "ethics and integrity".

President Donald Trump joined by NATO Secretary General Jens Stoltenberg, left, and Vice President Mike Pence, right, speaks during an expanded bilateral meeting in the Cabinet Room of the White House, in Washington, Thursday, May 17, 2018. She said that "we can see whether we can give small and medium-sized companies certain relief". Whatever the case, EU leaders insist that there is no chance of relaunching the very unpopular TTIP talks, the major EU-US trade agreement torpedoed by Trump when he entered office a year ago.

Last night the Netherlands Foreign Minister Stef Blok said he would try to protect European companies from the "consequences" of the U.S. secondary sanctions when he meets Trump administration officials.

The European Union and Iran have launched a vigorous campaign to safeguard the 2015 nuclear deal that the United States has recently ditched by trying to keep Iran's oil and investment flowing.

The statute is a 1996 regulation that forbids companies in the European Union from going along with foreign sanctions.

French President Emmanuel Macron has tried to charm Trump but that failed to prevent Trump from abandoning the Iran deal last week, which seeks to stop Tehran from obtaining an atomic weapon. The shifting desires make it almost impossible to negotiate with the White House, many diplomats say, because they can not strike a bargain to get close to what Trump wants when he doesn't know it himself. The contrast has stirred up even more European anger toward Trump's foreign policy, and the Gaza violence is another mark on the agenda for European leaders to discuss during their day and a half of meetings that starts Wednesday.

Eventually, European countries may have to make a choice between their ally who emphasizes "America First" and the interests of their own companies.

Related:

  • Shots fired at Trump golf resort in Florida, police say

    Shots fired at Trump golf resort in Florida, police say

    Trump's worldwide hotel management company saw a 500 per cent growth in income, Business Insider reported, up to $17.1 million. President Donald Trump's love for golfing does not appear to be working as great publicity for the golf courses he owns.
    Miguna Miguna 'accepts' Sonko's surprise nomination

    Miguna Miguna 'accepts' Sonko's surprise nomination

    One of Miguna's lawyers Nelson Havi, told local television, Citizen TV , that he would advise his client to accept the nomination. He said Miguna meets all the requirements provided for in the constitution to be his deputy.
    Skull & Bones has been delayed out of 2018

    Skull & Bones has been delayed out of 2018

    We already are aware that The Division 2 will be unveiled at E3, which is more than enough reason for us to get excited. Ubisoft Singapore states that Skull and Bones is its "biggest game yet" and a project "filled with huge passion".
  • Kim Kardashian and Appetite-Suppressing Lollipops: An Intense Saga

    Kim Kardashian and Appetite-Suppressing Lollipops: An Intense Saga

    In the past, Jameela has criticized other Instagram influencers for promoting weight-loss products like teas and lollipops. The post has since been deleted . "It's the mother's choice to do whatever she wants".
    Judge Rejects CBS Move to Strip Shari Redstone's Control of Company

    Judge Rejects CBS Move to Strip Shari Redstone's Control of Company

    NAI said after the CBS board meeting that "it has no intention of forcing a merger that is not supported by both CBS and Viacom ". CBS has been fighting pressure by National Amusements to merge with Viacom , which also is controlled by National Amusements.

    How Home-based Business Can Benefit from Coworking Spaces

    More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.
  • Report of gunman prompts Las Vegas mall evacuation

    Report of gunman prompts Las Vegas mall evacuation

    Authorities in Las Vegas responded to the Boulevard Mall late Thursday after a "individual with a gun" name, police mentioned. A Metro official said no one has been injured and that there are no reports of shots fired by the suspect.
    Elon Musk details plans for LA's LOOP

    Elon Musk details plans for LA's LOOP

    This new Boring Company tunnel was announced last month and will serve as a new full proof-of-concept for the company. Still, questions about the test-tunnel project largely dominated the meeting on Thursday night.
    Saskatchewan wants Ottawa to get tough with BC over Trans Mountain pipeline

    Saskatchewan wants Ottawa to get tough with BC over Trans Mountain pipeline

    His offer of covering losses caused by B.C.'s delaying of the project stands for other investors as well, he said. Meanwhile, Alberta has threatened to reduce oil and gas shipments to B.C. if the project is stopped.
  • European Union chief Tusk asks: 'With friends like Trump, who needs enemies?'

    President Donald Trump-branded the agreement as "the worst deal ever" and announced on May 8 the United States was pulling out. The EU has discussed instituting a so-called blocking statute, which would shield European companies doing business with Iran.
    YouTube Music streaming service set to launch next week

    YouTube Music streaming service set to launch next week

    Spotify leads the music-streaming industry with 75 million paying subscribers, and Apple Music is quickly gaining steam. Anyone interested will be able to try out the refreshed service for free before deciding whether to subscribe.
    Why filming 'Deadpool 2' was survival of the funniest

    Why filming 'Deadpool 2' was survival of the funniest

    But although the team praises the original as a "wonderful movie", it seems they're going for something with a little more. I don't know if that means that Deadpool will eventually be mingling with the likes of Iron Man or someone like that...

Comments

Latest news

Readout of Secretary Mattis Meeting with Uzbekistan President
The two leaders condemned extremism and worldwide terrorism, and vowed to strengthen cooperation against these common threats. The sides discussed issues of legal support for Uzbek-American relations, strengthening of inter-parliamentary relations.

BSF jawan, civilian injured in Pakistan shelling along IB in J&K
The constable, identified as 27-year-old Sita Ram Upadhyay of the 192 battalion, was hit by enemy fire at Jabowal around 1:30 am. Sitaram Upadhyay , the 28-year-old soldier who was killed in unprovoked firing from Pakistan was from Giridih in Jharkhand.

Zuckerberg to meet European Union officials _ dodging public grilling
The anonymised data of approximately 3 million Facebook users has reportedly been published on a poorly protected website. However, there are some Parliamentary members who are unhappy that the meeting will be behind closed doors.

HTC U12+: A four camera flagship with no notch
HTC sounds like it's doubling up on dual cameras, though, with a pair of shooters also occupying the front of the camera. The phone will feature Face unlock feature as well along with fingerprint sensor , which is placed on the back panel.

White House Weighs in on Laurel vs. Yanny Debate: 'I Hear Covfefe'
Air Force thought it would be a good idea to use it in a now-deleted tweet that bragged about repressing a Taliban offensive. Ivanka Trump is the first to appear on screen, listening to the quick audio clip before declaring "It's so clearly Laurel ".

Co-op Arcade Shooter Halo: Fireteam Raven Announced by 343 Industries
Yes, an actual coin-operated arcade game with massive mounted light guns like you used to play when you were a laaitie. According to the press release, Halo: Fireteam Raven is now being co-developed by Raw Thrills and Play Mechanix.

China to end anti-dumping probe on United States sorghum imports
But the move will inevitably be seen as a gesture aimed at creating some goodwill in Washington as trade talks continue Friday. But it is still not a big deal compared with the overall trade deficit in goods, which reached $375 billion previous year .

PayPal acquires Swedish payments firm iZettle
Morgan Securities plc is acting as sole financial adviser to iZettle, while Gernandt & Danielsson is acting as its legal adviser. The deal will be an all-cash deal and is expected to be closed by third quarter of the current financial year.

First urban case of Ebola in Congo a 'game-changer'
It is emphasized that so far, confirmed cases of EVD have been recorded near the city Bikoro, located 150 km from Mbandaka. Symptoms include fever, vomiting, diarrhea, muscle pain and internal and external bleeding.

Mayawati blames Rahul for BJP's stellar Karnataka win
Mamata Banerjee has always been at the centre of forming a "federal front" to fight against BJP in the 2019 Lok Sabha elections. Mayawati , sources said, subsequently spoke to Sonia and suggested that Congress extend support to JD (S) to which she agreed.

Missing SC 2-Year-Old Seen in Iowa This Week, Authorities Say
Surveillance footage showed Willian Ray, Jessica Ray and Dakota at a hospital in Iowa May 14, according to the NCMEC statement. They are traveling in a 1996 gold Ford Aerostar van and may be changing their license plates, according to the release.

Guardiola Extends Manchester City Contract Until 2021
PEP GUARDIOLA HAS put pen to paper on a contract extension with Manchester City , the Premier League champions announced today. Chief executive Ferran Soriano added: "Pep's new contract extension is fantastic news for Manchester City ".

Chelsea target Sarri set to stay at Napoli
Regardless of the claims, Conte has lately insisted that stories suggesting he's itching to make for the exit door are 'untrue' . Napoli boss Maurizio Sarri is set to turn his back on advances from Chelsea and pen a new deal with the Serie A club.

The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.

Money Saving Tips for Business Owners
JJBender.com is a trustworthy and reputable source of used office equipment that offers a wide variety of products. And in today’s economy, every small business owner is looking for ways to save money and reduce expenses.

Other news