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Europe warns US on Iran sanctions

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


Added: Aug-2-2007 
By: fahed980
Iran, Middle East
Tags: Europe, warns, US, on, Iran, sanctions
Marked as: repost
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