Under US pressure, EIB balks at EU plan to work in Iran
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The European Investment Bank has balked at an EU proposal to do business in Iran to help offset US sanctions and save the 2015 nuclear deal, EU sources told Reuters, under pressure from the United States - where the bank raises much of its funds.
The resistance from the European Union's lending arm underscores the limits of the bloc's ability to shield trade with Iran from the reimposition of US sanctions after President Donald Trump abandoned the nuclear accord last month.
