EU powers set up firm to thwart Trump’s Iran sanctions

The EU's effort to thwart U.S. President Donald Trump's Iran sanctions is open for business

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Iran says US-sanctions workaround by EU soon to be announcedTEHRAN, Iran (AP) — Three European nations appeared poised Thursday to announce they have created a way for Iran to continue trade with them and avoid re-imposed U.S. sanctions, two Iranian officials said, setting up a potential collision with President Donald Trump's maximalist approach against Tehran. France, Germany and the United Kingdom created a state company, known as a 'special purpose vehicle,' to allow Iran to continue to trade vital goods like medicine and food, according to German media reports. That allows companies to be insulated, in theory, from American sanctions by dealing with a third party.
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