WHATEVER YOU do if you are a European company pulling out of Iran, do not mention the sanctions. On November 5th America re-imposed an embargo on Iran, aimed at blocking its supposed nuclear ambitions. Its restrictions to trade do not apply directly to European companies but bosses fear being banned from the American market if they keep doing business in Iran. Yet obeying America's sanctions is itself illegal under rules devised by Europe, whose leaders want to keep Iran in the global trade fold.
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