Paris had singled out key areas where it expected either exemptions or extended wind-down periods for French companies, including energy, banking, pharmaceuticals and automotive.
- French officials had expressed little hope for securing the waivers, which were critical for oil and gas major Total to continue a multi-billion-dollar gas project in Iran and for carmaker PSA Group to pursue its joint venture.
“We have just received (US) Treasury Secretary Steve Mnuchin’s response: it’s negative,” Le Maire told Le Figaro in an interview published on Friday, according to Reuters.
Le Maire said Europe needed to react quickly and protect its economic sovereignty.
“Europe must provide itself with the tools it needs to defend itself against extra-territorial sanctions,” Le Maire added.
(Tasnim)
13/7/18
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