Wednesday, July 18, 2018

TURNING THE SCREWS: U.S. Refuses to Grant Exemptions to Europeans From Iran Sanctions

European corporations that eagerly embraced the Iran nuclear deal three years ago with euro signs in their eyes may find it a little awkward to fulfill some of those multi-billion contracts they signed with the evil regime.
The U.S. has refused to grant exemptions to European governments and corporations from new sanctions Washington has placed on the Tehran regime.
NBC News:
The United States has rejected an appeal from Britain, France and Germany to grant broad exemptions to European firms doing business in Iran, saying it would press ahead with sanctions intended to exert “unprecedented” economic pressure on the Tehran regime, U.S. and Western officials told NBC News.
Replying to a June 4 letter from the European powers, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin wrote that the Trump administration would not agree to wide-ranging protections for European companies operating in Iran and instead would grant only limited exceptions based on national security or humanitarian grounds, the officials said.
The stern message comes as the White House has ratcheted up its rhetoric toward Iran, accused Tehran of plotting terrorist attacks in Europe and vowed to hammer the country’s economy.
Read the rest of the story HERE.

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