{"id":29277,"date":"2018-10-24T17:50:25","date_gmt":"2018-10-24T12:20:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29277"},"modified":"2018-10-24T17:50:25","modified_gmt":"2018-10-24T12:20:25","slug":"eu-moves-to-save-iran-nuclear-deal","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/eu-moves-to-save-iran-nuclear-deal\/","title":{"rendered":"EU moves to save Iran nuclear deal"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/news\/international\/eu-moves-to-save-iran-nuclear-deal\/article23930285.ece\"><b>EU moves to save Iran nuclear deal<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">News:<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> European Union has initiated the \u2018Blocking Statute\u2019 to save the Iran Nuclear Deal as it had pledged to stick to the deal if Iran respects its terms.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Important Facts:<\/span><\/p>\n<ol start=\"2\">\n<li><span style=\"font-weight: 400;\"> The \u201cBlocking Statute\u201d was made in 1996 to circumvent Washington\u2019s trade sanctions on Cuba. But, the statute never came into effect as the Cuba row was settled politically.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The statute has the following provisions:<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It prohibits EU companies and courts from complying with specific foreign sanction laws.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It allows companies to recover damages arising from such sanctions from the person causing them, and nullifies the effect in the EU of any foreign court judgements based on them.<\/span><\/li>\n<\/ul>\n<ol start=\"4\">\n<li><span style=\"font-weight: 400;\"> 28 EU member states and the European Parliament have to sign the statute.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> EU has updated the list of U.S. sanctions on Iran falling within its scope.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> It is expected that the statute will be in force before August 6 when the first batch of reimposed U.S. sanctions take effect.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The Statute\u2019s will be more effective as a bargaining chip with USA.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The European Commission also took steps allow the European Investment Bank to support EU investment in Iran,\u201d particularly involving small and medium-sized companies.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> As part of \u201cConfidence-building measures\u201d the Commission would take steps to help Iran\u2019s energy sector and small and medium-sized companies.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> China and Russia have also stepped up efforts to save the deal.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Iran has warned that it would begin \u201cindustrial-scale\u201d uranium enrichment if Europe cannot provide solid guarantees to preserve Iran&#8217;s economic benefits given in the deal.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>EU moves to save Iran nuclear deal News: European Union has initiated the \u2018Blocking Statute\u2019 to save the Iran Nuclear Deal as it had pledged to stick to the deal if Iran respects its terms. Important Facts: The \u201cBlocking Statute\u201d was made in 1996 to circumvent Washington\u2019s trade sanctions on Cuba. But, the statute never&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/eu-moves-to-save-iran-nuclear-deal\/\">Continue reading <span class=\"screen-reader-text\">EU moves to save Iran nuclear deal<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-29277","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704670702},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=29277"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29277\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=29277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=29277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=29277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}