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Skirting US sanctions, France, Germany, Britain open Iran trade channel

Iran has threatened to pull out of the deal unless the European powers enable it to receive economic benefits

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Us Sanctions  |  Europe  |  Iran

Reuters  |  Paris/Berlin 

France, Germany and Britain have opened a new channel for non-dollar trade with Iran to avert US sanctions, although diplomats say it is unlikely to allow for the big transactions that Tehran says it needs to keep a nuclear deal afloat. Washington's major European allies opposed last year's decision by US President Donald Trump to abandon the 2015 deal, under which international sanctions on Iran were lifted in return for Tehran accepting curbs on its nuclear programme. Iran has threatened to pull out of the deal unless the European powers enable it to receive economic ...

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First Published: Fri, February 01 2019. 06:23 IST
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