European Union officials say they are revamping the blocking statute to encompass U.S. President Donald Trump's May 8 decision to revive Iran-related sanctions, after the expiry of 90- and 180-day wind-down periods, including sanctions aimed at Iran's lifeblood oil sector and transactions with its central bank.
European companies that invested in Iran after the deal are already taking fright, with French energy giant Total warning it could pull out, and Danish shipping giant Maersk and German insurer Allianz also saying they plan to wind down activities there.
Jean-Claude Juncker, the president of the European Commission, said the statute was being introduced to protect European firms.
European Commission President Jean-Claude Juncker described the meeting of leaders in Sofia as a show of unity among member states, and emphasised that the EU has a responsibility towards both the JCPoA and the European businesses that will be affected in the wake of new U.S. sanctions.
The "blocking statute" is a 1996 regulation originally created to circumvent Washington's trade embargo on Cuba, which prohibits European Union companies and courts from complying with specific foreign sanction laws. The Commission itself will maintain its cooperation with Iran.
The commission said it hopes the statute will be in force before August 6 when the first batch of reimposed United States sanctions take effect.
A blocking statute is a law enacted in a local jurisdiction that attempts to hinder the application of a law made by a foreign jurisdiction and is widely seen as an attempt to put pressure on Washington not to punish European firms that continue doing business with Iran.
And, in a bid to reassure the Iranian government of the EU's political commitment to saving the nuclear deal, Energy Commissioner Miguel Canete is visiting Tehran this weekend.
The other signatories to the 2015 nuclear deal with Iran have pledged to stick to its terms and urged Tehran to do the same.
It is also encouraging members of the bloc to look into one-off bank transfers to the central bank of Iran to help authorities their "receive their oil-related revenues".
These include n50.88 billion for reduction of deficit; n46.72 billion for security and n57.15 billion for the health sector. Trend analysis reveals that the National Assembly often increases the budget estimates given by the executive.
According to George Zhao, President of Honor, "Before 2016, most phones came in just three colours: black, white and gold". The smartphone is powered by a 2.4 GHz HiSilicon Kirin 970 octa-core processor coupled with Mali-G72 MP12 GPU.
Hawaii's emergency management agency advised people in the area affected by ash to stay in their homes if possible. Scientists say earthquakes may shake loose rocks underground and open up new tunnels for lava to flow.
Tepper graduated from the University of Pittsburgh and Carnegie Mellon, where the Tepper School of Business is named after him. NFL Commissioner Roger Goodell said he would prefer to keep the team in Charlotte where it has been successful.
Camsing International acquired POW! in 2017 for an undisclosed price and placed its USA vice president Shane Duffy as POW!'s CEO. Lee and his legal team are seeking an injunction that invalidates the agreement, plus damages in excess of $1 billion.
Doctors do that with an embolisation - snaking a catheter into the blood vessels of the kidney to find the right one and block it. President Donald Trump headed to Walter Reed, in Bethesda, Maryland , on Monday afternoon to visit his wife.
It's important to note that companies like Waymo and Uber used to have more self-driving cars in California. It started out with just 3 registered cars in April a year ago , and that number has now expanded to 55.
Max Verstappen finished third for Red Bull, while Ferrari's Sebastien Vettel finished a disappointing fourth. Hamilton, however, was in cruise control, as he made his one and only trouble-free stop on lap 25.
Smith was also called for a flagrant foul when he pushed Al Horford in the back while he was attempting to finish an alley-oop. While making a play on the ball in the first half, Tatum collided with LeBron James and hit him in the face with his shoulder.
Victory was a good way for Pakistan to prepare for the first of a two- Test series against England at Lord's starting on May 24. It was our first Test match and it was tough on the first day, we struggled a bit with the emotions.
Michigan State $500M Larry Nassar settlement: Who will pay?
Since then, nearly 300 women and girls have publicly accused Nassar of abuse, and almost all during medical appointments. Nassar pleaded responsible to molesting ladies and ladies below the guise that he was treating them for accidents.
Trump Tower transcripts released
The congressional panel released Kaveladze's transcript from the November 2017 interview on Wednesday. Goldstone wrote. "And because I am not able to respond out of courtesy to you and your father.
Nokia X6 with 19:9 display, Dual Camera and Notch Launched
Even though the phone doesn't feature the Android One label, the Nokia X6 still comes standard with pure Android 8.0 Oreo. The device comes with a 5.8-inch IPS display that offers Full HD+ (2280 x 1080 pixels) resolution and 19:9 aspect ratio.
Moqtada al-Sadr poised for victory in Iraqi election
The Sairun bloc, led by influential cleric Moqtada Al Sadr, has, however, shocked observers by emerging as the frontrunner . Al-Sadr said in Tweet that he was open to forming a coalition with al-Abadi to form a new government for Iraq.
What to Expect From Home Depot's Q1
Burt Wealth Advisors increased its holdings in The Home Depot by 83.5% in the third quarter. (NYSE:HD) for 200,141 shares. Schwab Charles Investment Management Inc. grew its holdings in shares of The Home Depot by 1.6% in the fourth quarter.
Rage 2 Gameplay Trailer And More Details Revealed By Bethesda
Since Rage 2's listing appeared on Walmart Canada, Bethesda revived the title's official Twitter account to address the leak. You might know Avalanche for their work on the Just Cause series and the underrated open-world Mad Max game from 2015.
Tammany Parish School Board set to trim property tax rate
Diener is the only candidate who is not a newcomer. "We need a forum in which parents are allowed to be heard", she said. Heather Soroka, now serves as vice president of the school board and is seeking a second term on the Board of Education.