Iran looks to Europe as US reimposes sanctions

The UK, France and Germany say they deeply regret the move that will target Iran's oil, shipping and banking sectors.

Photo : Aljazeera

 

The European Union has come up with a mechanism to facilitate payments for exports from Iran and offset the effects of US sanctions, reimposed on Monday.

But some experts warn it may not be enough to persuade large companies to continue operating in Iran.

Al Jazeera’s Natacha Butler reports from Paris.

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