Doing Business with Iran: EU-Iran Trade and Investment Relations [October 25, 2017] [open pdf - 113KB]
"With the easing of nuclear-related sanctions on Iran by the United States, European Union and United Nations under the Joint Comprehensive Plan of Action (JCPOA), signed on July 14, 2015, many foreign firms have begun to resume business with Iran. However, on October 13, 2017, President Trump announced he would not issue the certification that sanctions relief is 'proportionate' to the measures taken by Iran to terminate its nuclear program. This decision has raised questions over the possible reimposition of U.S. economic sanctions. The EU, which views the JCPOA as a binding international commitment, is threatening to take action to protect its firms from reimposed secondary sanctions. No matter the actions of EU governments, EU companies might base their responses on a calculation of their economic interests in Iran versus risks to their position in U.S. markets."
CRS Insight, IN10809
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html