The European Union has relaunched an old law to try to protect European businesses at risk of US sanctions if they continue to trade with Iran.
By re-introducing it now, the EU is seeking to ban firms respecting US sanctions and make related US court rulings non-effective in the EU. The measure prevents firms from complying with non-EU sanctions laws and stops foreign court judgments based on these laws from being effective in the EU. It also asks EU member countries to impose sanctions on companies who comply with the US rules.
"The European Commission said on Friday that it had"launched the formal process to activate the Blocking Statute by updating the list of US sanctions on Iran falling within its scope.
http://www.euronews.com/2018/05/18/eu-defies-trump-with-move-to-block-us-sanctions-over-iran
LOL, more winning.
By re-introducing it now, the EU is seeking to ban firms respecting US sanctions and make related US court rulings non-effective in the EU. The measure prevents firms from complying with non-EU sanctions laws and stops foreign court judgments based on these laws from being effective in the EU. It also asks EU member countries to impose sanctions on companies who comply with the US rules.
"The European Commission said on Friday that it had"launched the formal process to activate the Blocking Statute by updating the list of US sanctions on Iran falling within its scope.
http://www.euronews.com/2018/05/18/eu-defies-trump-with-move-to-block-us-sanctions-over-iran
LOL, more winning.
