France is pushing for sanction waivers
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Euro-denominated financing set up by European countries to trade with Iran will not be enough to sustain economic ties with Tehran in the face of U.S. sanctions, an adviser to the French president said Tuesday.Many have reinvested in Iran since the 2015 accord, which suspended sanctions in return for curbs on Tehran's nuclear programs.France, Italy and Germany are among countries that had set up export mechanisms designed to avoid dollar transactions to withstand an anticipated renewal of U.S. sanctions. A second French official said it was not clear how much appetite there would be for euro-denominated financing tools from companies in Iran.
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