European Investment Bank casts doubt on EU plan to salvage nuclear deal
The European Investment Bank would put its global operations at risk by investing in Iran, its president said on Wednesday, calling into question an EU plan to help save a nuclear deal with Tehran that Washington has abandoned.
In a bid to help keep money flowing to Tehran as the United States reimposes sanctions, the European Union has agreed to add Iran to the list of countries with which the Luxembourg-based EIB does business, effective from August.
But EIB President Werner Hoyer said that while he supported EU efforts to keep alive the 2015 deal which curbed Tehran's nuclear ambitions, Iran is a place "where we cannot play an active role."
