EU, Iran defying the Trump administration

In case you missed it . . .

EU, Iran set financial ‘vehicle’ to ease trade between them

eu-europe-iran-550x386

A new alliance? Maybe they’ll get invited to join the club. There are a few other anomalies if you look closely at the green.

Five world powers and Iran agreed late on Sept. 24 to establish a financial facility in the European Union to facilitate payments for Iranian imports and exports including oil, a key move sought by Tehran following the U.S. pullout from the 2015 nuclear deal and its re-imposition of sanctions.

Foreign ministers from Britain, France, Germany, Russia, China and Iran said in a joint statement that the so-called “Special Purpose Vehicle” will “assist and reassure economic operators pursuing legitimate business with Iran.”

The nuclear agreement is meant to prevent Tehran from developing nuclear weapons, but U.S. President Donald Trump announced in May he was unilaterally pulling out because he felt it wasn’t strong enough and didn’t cover other issues of concern to the U.S. and its allies, such as Iran’s military influence in the Middle East and ballistic missile program. The U.S. has also accused Iran of promoting international terrorism, which Tehran vehemently denies.

eu foreign policy chief

European Union foreign policy chief Federica Mogherini with Iran’s President Rouhani. Me ‘n’ you, gal – Let’s do it!

Iran’s economy is already suffering from the sanctions that Washington re-imposed after walking away from the nuclear agreement, and the U.S. has threatened to punish companies from other nations that continue doing business with Iran.

In sharp contrast, the five other world powers who signed the nuclear deal remain strongly committed to it, and the new financial facility is almost certain to anger the Trump administration.

New York Times

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5 thoughts on “EU, Iran defying the Trump administration

  1. This attitude of the Trump Administration’s (the entire U.S. state’s, really) is so petty and unjust towards the nations not aligned with them. By the same token, Britain, America, France, Germany, Israel and India should have economic sanctions imposed on them for THEIR warheads in reserve since the Cold War. Washington, Jerusalem and the European Union only see humanity as targets to exploit economically or bully into submission. This is the endgame of bourgeois politics.
    Side note: If the UN’s HDI rates Iran positively on many variables despite this 40-odd-year tug of war, plus the hostile propaganda accolpmpanying it, I want to believe they are resilent enough to withstand the latest sanctions.

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