Financial Times FT.com

Europe warns US on Iran sanctions

By Daniel Dombey and Javier Blas in London and Francesco Guerrera in Detroit

Published: August 2 2007 18:45 | Last updated: August 2 2007 18:45

European governments are warning Congress that US legislation aimed at Iran could hit European energy groups, undermine transatlantic unity on Tehran’s nuclear programme and provoke a dispute at the World Trade Organisation.

Diplomats from France, Germany and the UK, among other countries, have stepped up a lobbying campaign on Capitol Hill against moves that would mandate sanctions on energy companies that invested more than $20m (€14.6m, £9.9m) in Iran.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this