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Iran sanctions to result economic autonomy for Europe: French Min.

France’s Finance Minister Bruno Le Maire
France’s Finance Minister Bruno Le Maire

French Finance Minister Bruno Le Marie said Friday that the imposed U.S. sanctions over Iran offer an opportunity for Europe to develop its own independent financial institutions.

The minister said at the Globsec Tatra Summit conference in Slovakia’s Strbske Pleso that “It is not up to Washington to decide whether we are allowed to trade with Iran.”

“I am convinced that the outcome of that crisis with Iran will be the chance for Europe to have its own independent financial institutions so we can trade with whoever we want,” he said.

The second round of sanctions, planned for November, is expected to further strain Iran's economy by targeting its oil sector and central bank.

Last Modified: Saturday، 06 October 2018 12:54 PM