German Economic Minister Peter Altmaier delivers a statement regarding the Trump Administration's steel and aluminum tariffs outside of the White House in Washington, U.S., March 19, 2018. REUTERS/ Leah Millis
BERLIN (Reuters) - The German government will help German firms with business in Iran where it can, but cannot entirely shield them from the U.S. decision to quit the Iran nuclear deal and reimpose sanctions against Tehran, the economy minister told a newspaper.
European companies conducting business in Iran face U.S. sanctions after President Donald Trump withdrew from the 2015 nuclear accord between six major powers and Iran. EU officials say there is no easy way to protect EU firms and banks from the extraterritorial nature of the U.S. sanctions.
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