The EU on Friday launched formal steps aimed at sparing European firms fallout from U.S. sanctions on Iran as part of efforts to preserve the nuclear deal with Tehran, AFP reported.
The European Commission, the EU executive, said it "launched the formal process to activate the blocking statute by updating the list of U.S. sanctions on Iran falling within its scope."
(Arutz Sheva’s North American desk is keeping you updated until the start of Shabbat in New York. The time posted automatically on all Arutz Sheva articles, however, is Israeli time.)