The EU will on Friday begin moves to block the effect of U.S. sanctions on Iran in the bloc, European Commission chief Jean-Claude Juncker said, as part of efforts to preserve the nuclear deal with Tehran.

 

"We will begin the 'blocking statute' process, which aims to neutralize the extraterritorial effects of U.S. sanctions in the EU. We must do it and we will do it tomorrow morning at 10:30," Juncker said at a summit in Sofia on Thursday.