EU Earmarks $20Mln for Iran in Effort to Offset US Sanctions | WHAT REALLY HAPPENED

EU Earmarks $20Mln for Iran in Effort to Offset US Sanctions

The European Union allocated 18 million euros ($20.6 million) in aid for Iran on Thursday, including for the country’s private sector in an effort to lessen the impact of US sanctions and encourage Tehran to stay in the 2015 nuclear agreement aimed at curbing its nuclear program, Reuters reported.

The bailout is part of a 50 million euro ($58 million) aid package that Brussels has set aside for Iran in its budget.

Faced with a US threat to punish foreign companies that refuse to join Washington’s sanctions and continue doing business with Iran, the EU has activated the so-called “blocking statute” and has been taking other measures to meet Tehran’s demand for practical guarantees that its economic ties with Europe will not suffer as a result of the US sanctions.

In a statement on Thursday, the EU’s foreign policy commissioner, Federica Mogherini, said that Brussels remained fully committed to mutually —rewarding cooperation with Iran.

"This new package will widen economic and sectoral relations in areas that are of direct benefit to our citizens," she said.

Webmaster's Commentary: 

So if the EU is going to do this for Iran, what is the US going to do to the EU?!?!?

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