EU to protect its firms against US sanctions

“The European Union said it has plans to protect the region’s companies if President Donald Trump announces later on Tuesday that he’s pulling out of the Iran nuclear deal, a move that could further strain trans-Atlantic ties over foreign policy,” According to Bloomberg.

“We are working on plans to protect the interests of European companies” Maja Kocijancic, EU spokeswoman for foreign affairs was quoted as saying.

“The agreement is very important for global security,” she noted.

US President Donald Trump announced on Tuesday that Washington would pull out of Iran nuclear deal and reinstate nuclear sanctions on Iran.

This is while most world powers including Russia, China, and European Union have repeatedly stressed that keeping the deal is in the interest of world peace and security.

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