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US sanctions on Iran: Shipping giant quits Iran, Rouhani calls for EU help

European countries have the political will to maintain economic ties with Iran based on the JCPOA (the nuclear deal), but they need to take practical measures within the time limit

Reuters  |  Aix-en-Provence, France/London 

One of the world's biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled in US sanctions, and President Hassan Rouhani demanded that European countries do more to offset the US measures. The announcement by France's CMA CGM that it was quitting Iran deals a blow to Tehran's efforts to persuade European countries to keep their companies operating in Iran despite the threat of new American sanctions. Iran says it needs more help from Europe to keep alive an agreement with world powers to curb its nuclear programme. US ...

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First Published: Sun, July 08 2018. 09:00 IST