As Brussels aims to circumnavigate US sanctions against EU companies doing business with Iran, former European Commission Vice President Guenter Verheugen told RT that America still "has the bigger stick."
Verheugen told RT's Sophie Shevardnadze on the SophieCo show that European companies are essentially backed into a corner when they consider the economic benefits they receive by doing business with the US, versus Iran.
"I’m afraid that the Americans have the bigger stick here,” said Verheugen. “If you were a European company or a German carmaker, for instance, and if you look at the figures, what kind of business you do in Iran, what kind of business you do in the United States, you have not much choice, and you will decide not to invest in Iran, you will continue to invest and make business in the US."
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