Before the US-Israeli embargo of Iran came into effect on November 1st, EU officials had trumpeted their resolve to preserve guarantees made in the 2015 Joint Comprehensive Plan of Action (JCPOA), the Iran nuclear deal – by establishing a brand new framework which will allow EU-based firms to continue doing normal business with Iran.
The Trump White House announced the restoration of sanctions against Iran, aimed at choking Tehran’s economy and, as Secretary of State Mike Pompeo noted, “depriving the regime of the revenues it uses to spread death and destruction around the world.”
Pomeo said that the sanctions are “aimed at fundamentally altering the behaviour of the Islamic Republic of Iran”.
Pompeo further added…
“Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country.”
Sputnik – 06.11.2018 Washington implemented tough unilateral sanctions against the Islamic Republic on Monday following President Trump’s withdrawal from the Iran nuclear deal in May. Russian Foreign Minister Sergei Lavrov has condemned Washington’s decision to slap Tehran with sanctions, calling the restrictions “absolutely illegitimate” and deeply disappointing, and saying that it was “unacceptable” to hold […]
The next step in the Trump administration’s “maximum pressure” campaign against Iran comes this Sunday, Nov. 4, when the most severe sanctions will be imposed on the Islamic Republic. Crucially, they apply not only to Iran but to anyone who continues to do business with it.
It’s not yet clear how disruptive this move will be. While the U.S. intention is to isolate Iran, it is the U.S. that could wind up being more isolated. It depends on the rest of the world’s reaction, and especially Europe’s.
You might recall that German Finance Minister Heiko Maas recently floated a trial balloon to the effect that Europe should build its own alternative […]
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The Nefarium, European branch, has been busy the past two weeks. And now they want to set up an alternative financial clearing system to […]
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White House national security adviser John Bolton on Tuesday dismissed an EU plan for a special payments plan to circumvent US sanctions against Iranian oil sales and pressed the SWIFT global payments messaging system to rethink dealing with Tehran, Reuters reports.
Speaking at a conference, Bolton also said the United States would be “aggressive and unwavering” in enforcing economic sanctions on Iran that are resuming after Washington withdrew from the 2015 Iran nuclear deal. He said the United States would not allow the European Union or anyone else to undermine them.
