Europe warns US on Iran sanctions
By Daniel Dombey and Javier Blas in London and Francesco Guerrera in Detroit
Published: August 2 2007 18:45 | Last updated: August 2 2007 18:45
European governments are warning Congress that US legislation aimed at Iran could hit European energy groups, undermine transatlantic unity on Tehran’s nuclear programme and provoke a dispute at the World Trade Organisation.
Diplomats from France, Germany and the UK, among other countries, have stepped up a lobbying campaign on Capitol Hill against moves that would mandate sanctions on energy companies that invested more than $20m (€14.6m, £9.9m) in Iran.
Among such companies – already marked out by a US campaign to disinvest in energy companies that trade with Iran – are Royal Dutch Shell, Total of France and Repsol of Spain.
Royal Dutch Shell and Repsol, which are both looking for oil in US ter
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