On Friday morning the European Commission, the EU's executive arm, will begin putting a so-called blocking statute in place to shield European companies doing business with Iran from US sanctions.
Juncker's announcement comes after U.S. President Donald Trump withdrew Washington from the global deal with Iran, which placed limits on Tehran's nuclear programme in exchange for sanctions relief.
The European Commission received the unanimous backing of EU heads of government to proceed with proposals made by commission president Jean-Claude Juncker and High Representative Federica Mogherini, which aim to protect European companies investing in Iran through action on four fronts.
European Commission President Jean-Claude Juncker described the meeting of leaders in Sofia as a show of unity among member states, and emphasised that the EU has a responsibility towards both the JCPoA and the European businesses that will be affected in the wake of new U.S. sanctions.
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He said further that he is not just a Pakistani citizen as the people elected him prime minister and he knows a lot of things. Sources have disclosed that the agenda of the meetings were the current political and security situations of the country.
But companies around the world which invested in Iran after sanctions were lifted are now faced with a hard choice as Washington has threatened to punish firms that violate US sanctions by dealing with Tehran.
European Council President Donald Tusk said EU leaders had agreed to give the Commission the green light to act whenever European interests were affected.
President Jean-Claude Juncker said the commission would revive legislation - known as the blocking statute - which bans European companies from complying with the US sanctions against Iran and stops foreign court judgments based on these laws being effective in the EU.
The commission said it is also encouraging European Union member states to explore the idea of "one-off bank transfers" to the Central Bank of Iran. According to European sources, this measure may become the EU's first step towards ditching dollar in trade with Iran.
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The season is over. "I'm going to have a meeting with Farhad and then I am going on my holidays", he said . Uncertainty remains over the future of Allardyce, whose contract at Goodison Park runs until next summer.
EC will maintain its cooperation with Iran while the US Treasury Department has recently announced to European companies that they have been given a six-month deadline to end their investment in Iran.
Last week, the United States sanctioned six people and three companies it said had ties to Iran's elite military force.
"Guarantees of benefits of the JCPOA should be given to Iran".
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