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07.07.2018 - 03:06 [ Newsmax ]

EU Steps In to Help Iran Foil US Sanctions

Meeting in Strasbourg on Thursday, the European parliament voted to give the European Investment Bank (EIB) permission to conduct financial services with Iran for the first time.

Financial experts say this will easily open the door to the EIB — conducting full-scale operations in Iran and making significant loans to Iranian businesses from its estimated balance of $500 billion.

21.05.2018 - 21:23 [ Brussels Times ]

EU jumpstarts measures to protect companies investing in Iran

The Commission is also encouraging Member States to explore the possibility of one-off bank transfers to the Central Bank of Iran. This could help the Iranian authorities to receive their oil-related revenues, writes the Commission.
The Commission did not lose any time and dispatched its energy commissioner, Miguel Canete, to Teheran already during the weekend in a show of confidence building. Unusually for EU-Iran meetings, this time the meeting ended with a joint press statement on nuclear safety cooperation and “the strengthening of ties at all levels”.