UK Junior Minister Burt: European companies can be protected from US sanctions on Iran

Dhwani Mehta FXStreet

A junior British Minister of State for the Middle East, Alistair Burt, told BBC radio on Tuesday that the European companies can be protected from the US re-introduction of the sanctions on Iran, Reuters reports.

Key Quotes:

“If a company fears legal action taken against it and enforcement action taken against it by an entity in response to American sanctions then that company can be protected as far as EU legislation is concerned.”

“It is a commercial decision for companies whether they continue to work in Iran.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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