European Union officials met this week at a summit in Bulgaria to form a strategy in the aftermath of the U.S.’s withdrawal from the 2015 Iran Deal. Andreas Kluth, editor-in-chief of Handelsblatt Global, takes us through Germany’s options for the future of economic relations with Iran in the wake of possible U.S. sanctions.
Very much on the table, according to Kluth, is Germany’s option to block U.S. sanctions by requiring “European firms to ignore” the fines from America’s continued business with Iran. Concerning the possible blockade of U.S. sanctions, Kluth says, “Big business in Germany would get very worried.”
Photo By United States Department of State via Wikimedia Commons features Ministers of Foreign Affairs and other officials of the P5+1 at the signing of the original Iran Nuclear deal in 2015.