EU, E3 condemn US for reimposing sanctions on Iran, vow to protect trade
Tehran (KNA) - France, Germany, the United Kingdom, and the European Union have jointly condemned Washington’s fresh sanctions on Iran’s economy, vowing to protect European firms doing business with Tehran.
In a joint statement issued on Friday, EU foreign policy chief Federica Mogherini and the E3 ministers of foreign affairs and finance expressed "deep regret" over the US reimposition of its unilateral sanctions on Iran following a May decision by President Donald Trump to withdraw from the Iran nuclear deal.
The statement described the 2015 agreement as "crucial for the security of Europe, the region and the entire world", adding that it is Europe's "aim to protect European economic operators engaged in legitimate business with Iran."
The statement also vowed to preserve and maintain "effective financial channels with Iran, and the continuation of Iran's export of oil and gas."
"These efforts have been intensified in recent weeks, particularly those underpinning the European initiative to establish a Special Purpose Vehicle (SPV) on which we are proceeding with work to set up," the statement said.
According to the statement, the SPV "will enable continued sanctions lifting to reach Iran and allow for European exporters and importers to pursue legitimate trade."
Source: PressTV