VOL. XXXIX

No. 45

5-August-1996

IRAN/LIBYA

European Union Drafts Countermeasures Against US Sanctions

The European Commission announced on 30 July that it has formally drawn up measures to counter recent US sanctions legislation. The new rules, which must be approved by all the 15 EU governments, target the Helms-Burton Act that punishes foreign firms investing or trading with confiscated US property in Cuba, and could also be extended to include the D'Amato legislation against new...