CNBC: Europe, Russia and China join forces with a new mechanism to dodge Iran sanctions
* European Union's foreign policy chief announced Monday that the bloc was creating a new payment mechanism to allow countries to transact with Iran while avoiding U.S. sanctions.
* Called the "special purpose vehicle" (SPV), this mechanism would aim to "assist and reassure economic operators pursuing legitimate business with Iran," according to a joint statement released by the remaining members of the Iran nuclear deal.
* The U.S. has the power to expand its sanctions to target the mechanism, putting the venture's feasibility into doubt.
In the latest sign of the growing divide between Washington and its allies, the European Union's foreign policy chief announced Monday that the bloc was creating a new payment mechanism to allow countries to transact with Iran while avoiding U.S. sanctions.
Called the "special purpose vehicle" (SPV), this mechanism would aim to "assist and reassure economic operators pursuing legitimate business with Iran," according to a joint statement released by the remaining members of the Iran nuclear deal — France, Britain, Germany, Russia and China.
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More News On Russia, China, And The EU Agreeing To A New Financial Mechanism To Dodge Iran Sanctions
EU, Iran set financial "vehicle" to ease trade between them -- AP
EU announces mechanism to ease trade with Iran despite sanctions -- France 24
EU and Iran create 'special vehicle' for trade despite US sanctions -- DW
EU, Iran Vow To Keep Trying To Find Ways To Get Around U.S. Sanctions -- RFE
EU and Iran agree on new payment system to skirt US sanctions -- Al Jazeera
Five countries announce deal to defy Trump on oil trade with Iran -- Washington Examiner
EU to create special payment channels with Iran despite US sanctions – Mogherini -- RT
Is this a case of watch what we do and not what we say?
ReplyDeleteEuro multi-nationals are closing up Iranian operations ahead of full sanctions.
If the Euro's are deadly serious to align with Russia and China to keep the Mullahs funded so they can wage war in Yemen, Syria and buy off Iraqi politicians then that is a big problem they are causing with the US's security goals in the region. Not just the US but Israel and the Sunni states. Things could turn ugly in that event between the them and the EU.
Who cares? It's not that bog of a market.
ReplyDeleteIf we enforce there could be problems for them.
Sunni states where all terrorism comes from
ReplyDeleteSaudi Arabia,americas ally, who funds and supports wahhabism aka head choppers. When was the last time iran did some terrorist attack?
I don't think many Europeans know that this is happening nor are for it nor would vote for it. Someone is getting rich here for pushing this through..bribes anyone?
ReplyDeleteThe Euros are fond of stating the US is damaging trans Atlantic bonds and withdrawing from the world. The US withdrawal from the Iran deal didn’t have a strategic impact on Europe as Iran already has IRBMs able to reach Europe and the deal had temporary nominal restraints on Iran’s weaponization of a nuclear weapon. By 2025 Iran would be free to rapidly field a significant nuclear threat to Europe.
ReplyDeleteNow Europe attacking the role of the dollar is a strategic threat to the USA and could cause worldwide global financial panics. This is a huge threat to trans Atlantic ties. This could cause the US to withdraw its military from Europe because of anger or economic reasons should the dollar go in free fall in currency markets. It’s as if the Euros want to see the end of NATO.
I wouldn't be surprised if quite a few European officials who are for this (against the will of ordinary EU citizens) are compromised by Russia and perhaps even China. This should be looked at. Who benefits?
DeleteOrdinary EU citizens have no say in this. Its the new era "nobels" in europe that decides our faith in the coming decades now.
ReplyDeleteGreat. We can scrap NATO now.
ReplyDeleteSince they all get along so well these days.
ReplyDeleteAfter all this criticism and straight up lies the media does@ Trump, I really wonder what Merkel of "powerhouse Germany" has achieved lately? She was best buddy of Obama. She brought Europe the almost collapse of the Eurozone, the refuge crisis, is selling German interests to Russian oil, like wtf!? Why is she treated so nicely and the media claims Trump is fing Nato up? Under Trump, Nato is finally spending not just talking. Under trump the oil issue was brought up.
ReplyDeleteIt really feels like he's the only president in a looong time who at least tells it like it is and does something about it - once you get to filter out his marketing BS/tactics, he's not that bad.
It is not a new era of nobles.
ReplyDeleteThe nobles never forgot who they were.
German nobles are especially snobby.
There is some new blood in the nobility, but there is always new blood to some small degree in every class.
Time for another war of peasants against the nobility.
https://en.wikipedia.org/wiki/German_Peasants%27_War