Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 06, 2018

U.S. Lambasts Europe’s ‘Paper Tiger’ Response to Iran Sanctions

(Bloomberg) -- Gordon Sondland, the U.S. ambassador to the European Union, said he's a “little bit disappointed” with the bloc's response to Washington's reimposed sanctions on Iran.

“It's breathtaking to me that although we understand there are differences with how to deal with the JCPOA between the EU and President Trump's view, that the EU would send signals to Iran that simply give them a pass on these other activities,” Sondland said during a phone briefing, referring to the Iran nuclear deal, also known as Joint Comprehensive Plan of Action.

“The leadership of the EU is so intent on preserving the JCPOA they appear to be willing to let behavior that otherwise would not be acceptable to any sovereign” in the bloc continue, he said.

The U.S. on Monday renewed sanctions on buying Iranian oil, abandoning a 2015 nuclear deal backed by the EU. The 28-nation bloc has pledged to protect the agreement, in part by creating a so-called special purpose vehicle that would circumvent the U.S. action.

“I think the SPV is nothing more than a paper tiger,” Sondland said. “We have not heard of any serious player out there intending to avail themselves of the SPV.”

To contact the reporter on this story: Richard Bravo in Brussels at rbravo5@bloomberg.net

To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net, Nikos Chrysoloras, Patrick Henry

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search