U.S. set to reimpose sanctions on Iran after Trump junks N

U.S. set to reimpose sanctions on Iran after Trump junks N”

And now, with the reintroduction of economic sanctions on Iran, it looks like they aren't going to be happening.

The only certainty seems to be that the USA decision "does not target what is already in place", said Mahasti Razavi, a lawyer with the August Debouzy firm.

U.S. Treasury Secretary Steve Mnuchin said on Tuesday the measures would include cancelling export licenses issued to Boeing and rival Airbus SE to sell about $40 billion worth of jetliners to Iranian carriers.

Europeans were eager to renew business ties with Iran after the July 2015 landmark deal which opened up the prospect of winning market share in the country of 80 million desperate for investment and consumer goods. Still, the fact that Airbus has facilities in the United States forces the company to bow to USA law, making it impossible for the firm to complete the deal without facing penalties.

"We will consult with the U.S. Government on next steps".

The US Treasury says licenses held by aerospace giants Boeing and Airbus to sell passenger jets to Iran will be revoked after Washington announced its withdrawal from the 2015 nuclear deal.

According to The Washington Post, the two companies had signed agreements with Iran Air and Aseman Airlines, deals that will no longer be valid.

Scrapping the Iran deal may end up boosting Boeing, analysts said, as tensions in the Middle East inflate demand for the fighter jets, attack helicopters, bombs and missiles that Boeing produces. "This agreement remains important for our shared security".

This is while Iran's President Hassan Rouhani said following Trump's announcement that Tehran would stay in the JCPOA with other signatories and stressed that from now on everything depends on the country's national interests.

European businesses have the most to lose from renewed U.S. sanctions against Iran, analysts said Wednesday, with massive sums at stake for some of the continent's big names.

"You can try to circumvent sanctions, but not if you're a big company", he told AFP.

Mnuchin also insisted that the restrictions would not drive up oil prices because other suppliers would pick up the slack.

Iran ramped up its oil production by one million barrels per day after sanctions were lifted in early 2016.

In the past, Trump has sometimes said that the Europeans cared only about making money in Iran.

Like this



11 May 2018
Harvey ready for 'fresh start' with Reds
BC-BBN-Reds-Harvey's New Home, 143 Red Alert: Harvey starts Friday for Cincy at Dodger StadiumAP Photo NY173Eds: APNewsNow. Matt Harvey will start for Cincinnati on Friday night in the second game of their series against the Los Angeles Dodgers .

11 May 2018
Award-winning Mohamed Salah sets Reds challenge ahead of Brighton clash
Salah added: "I work hard to help my team". "But for now we are thinking only about Brighton". Then after we'll play the final.

11 May 2018
Minecraft Cross-Platform Patch, Physical Version For Switch Launch June 21
There isn't any further pricing info at present, but mark your calendar if you're interested in grabbing a physical version. If you already own a copy of Minecraft on Nintendo Switch, you'll receive this update for free when it releases on June 21.

11 May 2018
Aerial Footage Shows Lava Accumulations and Damage to Property in Puna, Hawaii
Scientists say activity from the most recent lava fissure that opened up has paused but unsafe fumes continue to be released. In recent years the volcano has mostly released lava in hard-to-reach areas inside a national park or along the coastline.

11 May 2018
Twins Activate Byron Buxton, Will Play Thursday Night At Angels
The Minnesota Twins will have Byron Buxton in center field when they take on the Los Angeles Angels of Anaheim Thursday night. Buxton was out with migraines and a subsequent broken toe after fouling a ball off his foot during a rehab assignment.

11 May 2018
Kerala witnesses first transgender marriage
Writer and activist J Devika and dubbing artist Bhagyalakshmi also attended the wedding, along with several other activists. Looking graceful in a traditional silk saree and ornaments, Surya said she was excited about the new episode in her life.

11 May 2018
Cepal busca reforzar nexos comerciales y exportaciones bajo liderazgo de Cuba
Añadió que "para México , el mayor reto regional es reducir las brechas de desigualdad que afectan a América Latina y el Caribe". Nos esforzaremos por promover la unidad dentro de la diversidad .

11 May 2018
Jacksonville teen tried to steal former UCF QB Blake Bortles' truck
Jaguars quarterback Blake Bortles stopped a teenager who attempted to steal his truck, according to First Coast News . When officers arrived, Horton was standing under the close watch of Bortles and two of quarterback's friends.

11 May 2018
West Ham open talks to sign centre-forward wanted by London rivals
West Ham have opened talks to Stoke City striker Jordan Greenidge on a free transfer this summer, Football Insider understands. It's claimed that West Ham don't have a very ambitious sport project, since they goal is to stay in the Premier League .

18 April 2018
Does Asox9 Have Side Effects?
What Are Asox9's Ingredients? Asox9 was created by Christopher Gordon, a scientist who suffered problems with erection himself. Zinc – Zink is the main compound that can be found in Oysters, which are known to be one of the greatest aphrodisiacs.