News analysis

Europeans move to counter sanctions but stance is ineffective

The European Union's decision to introduce legal measures designed to counter the effect of US economic sanctions against Iran represents a significant escalation in the long-running dispute between the Trump administration and Europe over the future of the Iran nuclear deal.

In a joint statement by Britain, France and Germany, the European guarantors of the pact expressed "deep regret" at the American decision to reimpose sanctions, effective from yesterday, and Europe's determination to work "for the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran's export of oil and gas".

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A version of this article appeared in the print edition of The Straits Times on August 08, 2018, with the headline 'Europeans move to counter sanctions but stance is ineffective'. Print Edition | Subscribe