US sanctions scare EU firms from Iran, imperilling nuke deal

article author:

Author:

Jean-Baptiste OUBRIER | AFP

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1557377467809034000

Thu, 2019-05-09 04:10

LONDON: The Iran nuclear deal requires that its partners take action to boost the country’s economy, but European companies remain fearful of exposing themselves to US sanctions, experts told AFP.
Iran’s Supreme National Security Council on Wednesday sent a letter to the deal’s other signatories, saying it had decided to suspend commitments it made under the deal, some immediately and some after 60 days, if no progress was made on its economy.