On Friday 18 May, the European Commission officially launched the initial procedures to diminish the effects on European businesses of the US extraterritorial sanctions against Iran, and to continue economic and trade relations with Tehran, after obtaining the agreement of the heads of state and government, in Sofia on 16 May, to move in this direction.
In a press release, the Commission announced the launch of the "formal process to activate the Blocking Statute by updating the list of...