French bank Credit Agricole is the latest institution to be fined for violating US sanctions. Financial regulators say that between 2003 and 2008 the bank processed more than 32 billion dollars in payments for Iran, Sudan, Myanmar and Cuba.
Many foreign firms have decided to strengthen business ties with Iran after the easing of sanctions on Tehran. But the US president's announcement to decertify the 2015 nuclear deal may get them into trouble.
Iranian Foreign Minister Zarif has indicated that the nuclear agreement Iran signed with world powers may still have a future. European countries' continued support for the accord may determine if it lasts, he said.
The EU's top diplomat says the US can't terminate the Iran nuclear agreement because it's not a "bilateral deal." European leaders acknowledge Iran poses many problems, but insist they should be handled separately.
Most analysts expect US President Donald Trump to abandon the landmark nuclear agreement with Iran this week. Will he really do it? And if he does, what will it mean for Europe? Max Hofmann reports from Brussels.
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