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The United Arab Emirates is fully complying with US sanctions imposed on Iran earlier this month, despite the cost to the country, said Monday an official of the Ministry of Economy of the United Arab Emirates .
"We are applying the sanctions," Abdullah al-Saleh, undersecretary for foreign trade and industry, told Reuters.
Al-Saleh said that the UAE applies the sanctions "as they are published by the United States".
He added that the competent authorities would ensure compliance with the sanctions.
Al-Saleh said the decision would cost the country in its trade with Iran.
He added that trade with Iran is expected to decline this year and the following year, having already reached $ 17 billion in 2017, after peaking at $ 20 billion in 2013.
The United States has threatened the economic impact of those who continue to do business with Iran.
America has even said that non-conformists risk losing their access to the US market.
However, he granted eight temporary exemptions to countries to continue buying Iranian oil.
"We plan to allocate temporary allocations to eight jurisdictions, but only because they have demonstrated significant reductions in crude oil and cooperation on many other fronts and have made significant progress towards achieving a better level of supply. zero import of crude oil, "said Secretary of State. Mike Pompeo
Michael (Mike) Richard PompeoTurkey sees US support for YPG as a "big mistake". Trump spoke to the CIA about Khashoggi's murder. Overnight Defense – Presented by Raytheon – Lawmakers Wonder How to Punish Saudi Arabia | Trump Regrets Not Visiting Arlington on Veterans Day | North Korea deports an arrested American MORE said earlier this month.
Pompeo said that no derogations go to the US, which has refused Tehran's US sanction.
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