Ministers urge exemption for EU companies dealing with Iran| MENAFN.COM

Thursday, 07 July 2022 07:32 GMT

Ministers urge exemption for EU companies dealing with Iran


(MENAFN) The US has received an appeal from European ministers to offer an exemption to European companies that are engaging in trade with Iran, after US sanctions were imposed.

"As allies, we expect that the United States will refrain from taking actions that would harm Europe's security interests," Foreign affair and economy ministers from the UK, France and Germany wrote in a letter.

The ministers added "as close allies, we expect that the extraterritorial effects of U.S. secondary sanctions will not be enforced on EU entities and individuals, and the United States will thus respect our political decisions."

They also called for exemptions to be granted to EU companies that are dealing with pharmaceuticals, healthcare, energy, automotive, civil aviation, infrastructure and banking.

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