EU Firms Likely to Cut Ties With Iran Despite Bloc's Bids to Thwart US Sanctions
The EU countermeasures are a weak response, as benefits of doing businesses with the United States would always outweigh any prospects of trade with Tehran, Aldo Carcaci, a member of the Belgian parliament, told Sputnik.
"[EU countermeasures are] good on paper but it leaves the executives in companies active on the Iranian market, either in trade or production, with the tough choice of obeying the American order or obeying the EU. The choice will be quickly made. I have been an executive in large technological companies in the past; a company would not take such risks.
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