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European firms after exemption from US secondary sanctions

According to Reuters, ministers from Germany, France and Britain have written to senior U.S. officials urging them to protect European companies working in Iran from getting caught up in Washington’s new sanctions on the Islamic Republic.

“An Iranian withdrawal from the (nuclear agreement) would further unsettle a region where additional conflicts would be disastrous,” Reuters quoted the ministers and the EU’s top diplomat as saying in the letter to the US Treasury Secretary and US Secretary of State.

“The ministers said they expected the United States as an ally to refrain from taking actions that would harm Europe’s security interests, including secondary sanctions that could prevent the European Union from continuing to uphold the nuclear accord.”

The sanctions are related to health, treatment, energy, car manufacturing, aerial transportation, banking, infrastructure and pharmaceutical fields.

The US President Donald Trump announced on May 8 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 the European Union have repeatedly stressed that keeping the deal is in the interest of world peace and security.

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