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Europe launches sanctions-averting Iran payment mechanism

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Britain, France and Germany launch new finance mechanism for non-dollar trade with Iran that EU hopes will help save the 2015 nuclear deal by averting US sanctions

 

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Iran says US-sanctions workaround by EU soon to be announcedTEHRAN, Iran (AP) — Three European nations appeared poised Thursday to announce they have created a way for Iran to continue trade with them and avoid re-imposed U.S. sanctions, two Iranian officials said, setting up a potential collision with President Donald Trump's maximalist approach against Tehran. France, Germany and the United Kingdom created a state company, known as a 'special purpose vehicle,' to allow Iran to continue to trade vital goods like medicine and food, according to German media reports. That allows companies to be insulated, in theory, from American sanctions by dealing with a third party. I wouldn't be surprised if Trump threatens our allies with sanctions over this. Lols if the EU is ready to side with an enemy of NATO i cant wait Fake news
Source: AP - 🏆 728. / 51 Read more »