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With friends like Trump, who needs enemies: European Union chief

18 May, 2018, 19:06 | Author: Lucille Rivera
  • European Council President Donald Tusk spoke during a media conference prior to an EU-Western Balkans summit at the National Palace of Culture in Sofia Bulgaria on Wednesday

Juncker said the commission will begin the process of activating a so-called blocking statute, which bans European Union companies from observing the sanctions and any court rulings that enforce USA penalties.

"We now need to act and this is why we are launching the process to activate the "blocking statute" from 1996".

Jean Claude Juncker, president of the European Commission, said on Thursday the commission has a "duty to protect European companies" from American sanctions.

In Bulgaria on may 16, a meeting of leaders of 28 countries-EU members. "The Commission itself will maintain its cooperation will Iran".

"Looking at the latest decisions of President Trump, someone could even think: with friends like that who needs enemies?" he added.

French President Emmanuel Macron said that nuclear deal with Iran should be supplemented and it is necessary to continue negotiations, including on missile program.

The European Union will stick to the Iran deal and the bloc's leaders have mandated their Brussels-based executive to defend the interests of European companies dealing with Tehran from USA sanctions if needed, top EU official said. "The hardliners in Iran were the most opposed to this accord". "No one will choose Iran over the US The deal is dead". The 2015 nuclear agreement is a crucial element of peace and security in the region. "The President of the French Republic in not the CEO of Total".

"Which company is going to risk access to the USA market, which is 100 times larger", Ardavan Amir-Alsani, a Paris-based lawyer who specialises in Iran, said in an interview.

European Union accused of 'interfering' in Italian politics
Yields on benchmark Italian 10-year debt rose three basis points on Thursday to 2.13 percent, its highest since late-February. Italy has been in a period of political gridlock since its election in March left no clear victor .

EU discussions on how to keep the deal - and economic relations with Iran - alive, have focused on: keeping Iran's oil and gas industry viable; the creation of special objective vehicles to allow for transactions between the regions; developing more contracts between European companies and their Iranian counterparts; and how to protect European firms that continue to work with Iran.

But companies around the world now face a hard choice as Washington has threatened to punish firms that violate USA sanctions by dealing with Iran.

At meetings with Iranian Foreign Minister Mohammad Javad Zarif in Brussels on May 15, Britain, France, Germany vowed to keep the JCPOA alive despite the us withdrawal.

Now that Europe's illusions of having enjoyed a relationship of "equals" with the US within the transatlantic alliance's framework are dispelled, it is time for Europe to make a historic decision whether to stay under the umbrella of a hegemonic mentality, made more extreme by a capricious president, or to forge a way out into a more independent path where other partners, like China and Russian Federation, are extending a hand of cooperation.

French oil and gas giant Total has made a decision to cancel a multi-billion-dollar project in Iran unless it is granted a waiver by US authorities.

The European Union has been trying to avoid that scenario, and EU foreign policy chief Federica Mogherini said Tuesday that bloc and Iran had agreed to devise practical workarounds to the United States' unilateral withdrawal from the deal.

Indian government sources said they were closely watching the French lead, but were also wary of taking sides in a potential showdown between the United States and Europe.

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