The European Union will prepare a response to the decision of the United States to withdraw from the nuclear deal with Iran and impose new sanctions against Iran, said EU Ambassador to the US David O'sullivan.
As those sanctions kick in, it will have an even broader effect as well, Bolton said.
Among them is the possible use of an EU "blocking regulation" which would, in essence, ban European companies from respecting American sanctions when the sanctions might damage EU interests, notably trade and the movement of capital.
"[New Zealand companies] will lose in this sanction, we can buy, for example butter, from many other countries, that is why it is not in favour of New Zealand, it will not serve the New Zealand companies' interests".
The Washington Post also relied on data from the institute in looking into the President's claim and likewise reported an increase in Iranian military expenditures of "nearly 30 percent" from 2015 to past year. Imports totalled $6.8 million, with dates contributing over half.
According to O Sullivan, where they will begin to develop a "coherent and consistent policy measures for the conservation of European business interests in Iran, while protecting your investment from the United States sanctions".
When asked if this would mean sanctions against firms, the adviser didn't deny the possibility. "It depends on the conduct of other governments".
The 2015 agreement sought to curb Iran's nuclear programme in return for the lifting of economic sanctions.
The top official has reemphasized the country's position on the Joint Comprehensive Plan of Action, commonly to as the Iran nuclear deal: in particular, that country plans to receive the economic benefits from the agreement, which were initially stipulated in it. I think it was testing the limits of the deal's provisions, exceeding them in some cases.
Where does New Zealand stand?
Merkel said the Europeans aren't "blind" to threats posed by Iran's activities in Syria to Israel, for example. Supreme Leader Ayatollah Ali Khamenei, not Rouhani, has the last say on all state matters. "However, in medium term, with the economic slowdown in Turkey and China, it is conceivable that Iran's exports could decline to 1.2 -1.4 million barrels a day", Emadi told Trend May 10. "If a supply dislocation emerges and inventories get abnormally low, then OPEC and Russian Federation may act", said Yasser El Guindi, market strategist at Energy Aspects.
US President Donald Trump said the deal was "horrible" because of expiry dates on its restrictions and because it did not cover Iran's ballistic missile programme or its regional influence.
On Sunday, US Secretary of State Mike Pompeo said Washington still wants to work with Europe to counter Iran's "malign behavior" and was working hard to thrash out a more wide-ranging deal with its European partners. "The Foreign Ministry believes the United States will not change its mind".
"I think at the moment there's some feeling in Europe that they're very surprised we got out of [the deal], very surprised at the reimposition of strict sanctions", Bolton added.
"However, if they resist the pressure from America, then I expect to see a small number of refineries being targeted by the USA treasury - imposing heavy fines on them to make an example for other refineries".
Germany said it will spend the next few months trying to persuade Washington to change its mind.
Germany's minister for economic affairs, Peter Altmaier, said on Sunday that Berlin would try to "persuade the U.S. government to change its behavior".