Greece Defies EU, U.S. on Sanctions for Iran’s Bank Saderat

Greece has defied its European allies and Washington by blocking European Union sanctions on an Iranian bank the U.S. accuses of financing terrorism, officials familiar with the move say.

Athens’s action last month marked the first time a European country has picked apart the sanctions regime meant to remain in place following the July 2015 nuclear accord with Tehran. The regime is designed to constrain Iran’s ability to resume illicit activities and pressure it to stick by the agreement.

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“This is an early sign that Europe is picking apart the nuclear accord and undermining even the terrorism sanctions they promised to enforce,” said Mark Dubowitz, executive director of the Foundation for Defense of Democracies, a Washington think tank opposed to the Iran deal.

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