Whilst we wait..7 Jun 2018 14:16
http://iran-daily.com/News/216277.html
The European regulation, called the "blocking statute," was originally created in 1996 to defend European businesses from US penalties for dealing with Cuba. The system, which was never actually used, permitted European companies to ignore the US sanctions and said that any decisions by foreign courts based on the sanctions would not be upheld in Europe.
Member states and the European Parliament and Council now have a period of two months to oppose it, the commission said.
"If no objection is raised," the legislation will come into effect "no later than the beginning of August, when the first round of re-imposed US sanctions" will take effect, it added, Presstv reported.
The statement noted, �The European Union is fully committed to the continued, full and effective implementation of the JCPOA, so long as Iran also respects its obligations. At the same time, the European Union is also committed to maintaining cooperation with the United States, who remains a key partner and ally.�
The European Commission also updated its legislation on Wednesday to allow the European Investment Bank (EIB) to support investment in Iran.
It, however, said the enabling measure did not commit the EIB to actually support projects in Iran as �it remains for the EIB's governing bodies to decide to take up such financing activities � in line with relevant rules and procedures.�