At a summit in Bulgaria, EU Commission President Jean-Claude Juncker said European companies hit by US sanctions against Iran would receive support under a so-called 'blocking statute' last used more than 20 years ago.
Iran has been in economic turmoil since US President Donald Trump announced he would withdraw from an international deal that lifted sanctions against Iran's economy. The measures were reintroduced Tuesday.
Ayatollah Ali Khamenei said Iran would not talk with the United States. In comments directed at President Rouhani, he said Iran's economic troubles were not only the result of sanctions, but also economic mismanagement.
The EU foreign affairs minister encouraged companies to ignore US President Donald Trump's threats on doing business with Iran. She said it's up to Europeans to decide who they trade with.
The Trump administration has reimposed the first tranche of sanctions on Iran, isolating Washington as much as Tehran. A second round of US sanctions in November will target Iran's energy sector.
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