The US has announced fully enforcing sanctions on Iran, starting from Tuesday this week.
The EU issued their statement on that, stating that they regret the US decision but the most curious part is:
“The remaining parties to the JCPOA have committed to work on, inter alia, the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran’s export of oil and gas,” the European Union’s foreign service said in a statement, referring to the acromym for the nuclear deal struck with Iran in 2015.
How can the EU remain committed to financial and trade dealings with Iran without running afoul of the US sanctions themselves? Wouldn't allowing Iranian funds to be transferred to/from the EU and doing trade with them be in violation of the Sanctions?