EU Cannot Protect Companies Against U.S. Sanctions, Says Economist

Despite assurances from the EU that European companies will be supported in continuing to do business with Iran and shielded from U.S. sanctions, several companies have already announced they are cutting ties with Iran.  "EU officials emphasize firmly that they will support their companies in order to live up to the nuclear agreement with Iran," Fereydoun Khavand, professor of Economics in Paris, said in an interview with Radio Farda, adding, "but it seems that the managers of European companies do not trust these assurances."After pulling out of the landmark 2015 nuclear deal with Iran early in May, the U.S. set a 180-day "wind-down period" for international companies to cease their business relationships with Iran, lest they face sanctions on their operations in the U.S......................

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