Speaking to reporters on Saturday, Iran’s AEOI deputy for International, Legal and Parliamentary Affairs Behrouz Kamalvandi said European countries are seeking an alternative way for doing business with Iran that would protect companies from the risk of US sanctions.
His remarks came after meeting with European Energy Commissioner Miguel Arias Canete, who is the first EU official to visit Tehran following Donald Trump's decision to pull the US out of the Iran nuclear deal.
Kamalvandi said the visit by EU’s top energy official carries a powerful message given the recent developments regarding the JCPOA, saying that Mr. Canete highlighted the EU’s compliance with its commitments under the nuclear agreement.
Kamalvanid added: "European countries are looking for ways to counter US sanctions", and he went on to note that the meeting with Canete focused on those options.
“EU is trying to put these mechanisms into effect by August 8 and before the activation of US sanctions,” he said. “This way, companies can continue doing business with Iran regardless of US extraterritorial sanctions.”
Trump’s unilateral pullout from the 2015 Iran nuclear deal has put EU on a collision course with the US, as the bloc seeks to save the deal and maintain trade ties with Iran by finding ways to protect European companies doing business with Tehran from the backlash of US extraterritorial sanctions.
In a meeting with Iran's nuclear chief, Ali Akbar Salehi, on Saturday, European Energy Commissioner Miguel Arias Canete said the EU will reactivate the ‘blocking statute’, a 1996 law that would allow the bloc to protect European companies that may be sanctioned by US for doing business with Iran.
