1. Europe and Iran: The Economic and Commercial Dimensions of a Strained Relationship
- Author:
- Cornelius Adebahr
- Publication Date:
- 12-2018
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Europe and Iran had begun to invest in a closer commercial relationship just when the United States withdrew from the nuclear deal in May 2018. Since then, Washington has re-imposed its stringent economic sanctions, targeting Iran’s oil exports as a major source of government revenue but also banning financial transactions with the country. This poses an enormous challenge for the EU, which had intended to use the 2015 agreement as a stepping stone to promote regional cooperation and, ultimately, a more comprehensive relationship with Iran. Paper produced in the framework of the IAI-FEPS project entitled “Europe and Iran in a fast-changing Middle East: Confidence-building measures, security dialogue and regional cooperation”, December 2018.
- Topic:
- Foreign Policy, International Trade and Finance, Bilateral Relations, Sanctions, and Transatlantic Relations
- Political Geography:
- Europe, Iran, Middle East, North America, United States of America, and European Union