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EU To Reactivate 'Blocking Statute' Against U.S. Sanctions On Iran

European Union says it will launch this week the process of activating a regulation to soften the impact of U.S. sanctions on European firms doing business in Iran.

The May 17 announcement comes after President Donald Trump said last week that the United States would abandon the 2015 nuclear agreement between Iran and world powers and reimpose sanctions lifted as part of the deal -- despite the European powers' sustained efforts to convince Washington to continue to adhere to it.…………….Please Log in or Subscribe to view full details…..

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