Ready to protect European firms from US sanctions on Iran: EU
Brussels, Aug 6 (AP) The European Union today said that new measures are ready to take effect to protect European businesses from the impact of US sanctions on Iran.
The measures also aim to save the agreement meant to curb Iran's nuclear ambitions after the US abandoned the pact. The EU insists the deal is important for global security and is trying to keep economic and financial supply lines to Tehran open.
The EU's executive Commission said today that the "blocking statute" will take effect beginning at midnight Washington time (0400 GMT Tuesday).