European Union ‘forbids companies from complying’ with US sanctions on Iran

European leaders on Friday agreed on a plan that “forbids EU companies from complying” with U.S. sanctions on Iran, as part of an effort to blunt the effect of President Trump’s withdrawal from the pact.

“The European Union is committed to mitigating the impact of US sanctions on European businesses and taking steps to maintain the growth of trade and economic relations between the EU and Iran that began when sanctions were lifted,” the European Commission said in a statement.