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Several EU states have created a new payment channel in a bid to bypass US sanctions on Iran. It’s called INSTEX and Germany, France and the UK are behind it. It’s designed to allow Iran access to European markets without having to rely on international banks, because banks face penalties under the US-sanction regime. The new payment system will allow Iran to sell products like oil to European customers. Instex would then get the payment due to Iran and keep it. In turn, European companies can deliver food or medicical supplies to Iran, while getting paid by INSTEX. That would allow participants on both sides of system to avoid running afowl of US sanctions that only forbid monetary transactions with Iran – which INSTEX circumvents. Still, companies using INSTEX might risk retaliation from the US.
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#IranSanctions
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Nobody respects the US anymore. The world is waking up. Good morning.
I'm so glad that EU is getting free of USA.. well not USA but mostly of Trump… he is a complete shithead.
Should also challenge the USA on Venezuela
Buy Bitcoin.
Iran is a Terrorist State that wants to wipe Israel Off the map of the world.
mmmmmmmmmm. The wheels are turning.
Project ALTER MAN 47 (AM47) is open for business with Iran, always.
UN / US are the same gang.
The EU showing balls, it truly is shocking
IRAN IS A CRIMINAL STATE FFS, Soviets are pulling the strings of course. The EU is on a crash course to destruction, I've never seen as many calls for Frexit, Brexit, etcetera.
I thought Huawei broke international law but sanctions on another Countries by forcing other to follow you is not legitimate or/legal.
I think China needs to standup strongly because the whole thing is manipulated by the Master.
Can EU bypass US sanctions on Russia? 🙂
Leave Iran alone
Soon they stage a false flag and blame Iran and throw whole thing away. Easy.
Interesting actual news from DW
Did I misunderstood, humanitarian grounds in trade between EU and Iran…political economy – war does not recognize humanitarian "grounds" as predatory capitalism is not democratic and assuredly does not show any humanitarian spectre, bombing last free standing street corner in Syria is not a "humanitarian act"…nor is charging exuberant monies for treating malaria (medicines) or diarrhea…
Democracy are coming to EU for disobeying their master – USA.
UK, France, and Germany will bend over when their sugar daddy, US, tells them to.
Supprting us sanction to iran
now just replace swift with it, join global forces and sanction the USA.
About time the EU stop dancing to Washington's satanic tunes