European countries are trying to rescue the agreement with Iran on its nuclear program. This is a special purpose company, through which will go the transactions of European and Iranian firms.
Germany, France and Britain introduced a system of sanctions, U.S. trade with Iran. At the meeting of foreign Ministers of the EU countries in Bucharest on Thursday, January 31, will be announced the establishment of the Agency through which will be carried out calculations for transactions between European and Iranian companies if private banks for fear of punitive measures by the US, refuse to hold them, reported dpa.
Target company with headquarters in Paris will act as a mediation office. So, Iran can continue to supply oil and other goods to Europe. Money for them this office will send to the Iranian banks and European companies that sell to Iran industrial products, medicines and food. In this case the target company is unable to protect European companies from US sanctions. Therefore, its use is interesting only to those firms in Europe that aims to work with Iran and fear of exclusion from access to the us market.
Thus, European countries are trying to save the agreement with Iran on its nuclear program. In may 2018 Donald trump announced the United States would withdraw unilaterally from the Joint comprehensive action plan (FDP), signed between Iran, the United States, Russia, China, Britain, France and Germany in 2015, and providing for the implementation by Tehran of a number of steps to limit its nuclear program in exchange for lifting sanctions. Trump explained his decision by the fact that the agreement with Iran has not brought peace in the middle East, and accused Tehran of continued attempts to develop nuclear weapons.
European countries, in turn, indicate that Iran has so far complied with all the terms of the agreement, which was confirmed for 13 times as a result of inspections by the International atomic energy Agency (IAEA).