The European Commission will launch the process of activating a law that bans European companies and courts from complying with US sanctions against Iran, after Washington pulled out of the landmark 2015 nuclear deal.
Jean Claude Juncker, president of the European Commission, said on Thursday the commission has a “duty to protect European companies” from American sanctions.
“We now need to act and this is why we are launching the process to activate the ‘blocking statute’ from 1996. We will do that tomorrow [Friday] morning at 10:30,” he told a news conference in the Bulgarian capital, Sofia, after a meeting of EU leaders.
The EU wants to salvage the nuclear deal and its blocking statute i