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EU plan to circumvent US sanctions against Iran will not work

on Thu Sep 27, 2018 1:45 pm
Creating an alternative payment system for calculating foreign companies for the purchase of Iranian oil will not help to prevent the introduction of US sanctions against those who trade with Iran.

This was reported by Bloomberg, citing experts on sanctions and major oil traders.

As noted, the creation of an alternative payment system will only allow for the calculation of the purchase of Iranian oil (US sanctions, among other things, block payments with Iran). However, this system will not save Iranian oil buyers from direct sanctions that the US can apply against these companies for the purpose of trade. Therefore, no Western company will risk or buy oil in Iran.

Recall that on the eve of the European Commission announced the creation of a special financial institution that will help circumvent US sanctions against Iran . Among other things, this institute should have introduced a special payment system that would replace the US.

In addition, because of US sanctions and fears about losing Iran's oil, world oil prices are rising rapidly. Thus, Brent's oil has already been traded for more than $ 80 a barrel - at the 2014 price level.

Recall that on May 8, US President Donald Trump said that the United States will withdraw from an agreement on the Iranian nuclear program and resumption of sanctions against Iran.

Iran called the US withdrawal from the nuclear program "illegal".

The EU is concerned about the release of US nuclear agreement and the application of new sanctions against Iran.

The UN is "deeply disappointed" with the US withdrawal from a nuclear deal with Iran.

Earlier, Israeli Prime Minister Benjamin Netanyahu said the disclosure of "secret documents", according to which Iran had violated the nuclear deal and continued to develop weapons. After that, Israel turned troops into a state of increased combat readiness due to the Iranian activity in Syria.

The White House supported the statement of the prime minister of Israel that Iran had violated the nuclear deal.

Later, French President Emmanuel Macron and US President Donald Trump have announced plans to work out a new agreement on Iran's nuclear program.

Iranian President Hassan Rouhani has warned the United States that they will face a "big regret" if Donald Trump withdraws from the 2015 nuclear deal.

In connection with the restoration of US sanctions, the cessation of commercial projects in Iran said the French energy company Total, as well as the two largest European airlines . At the same time, the European Commission announced the allocation of EUR 18 million in financial assistance to Iran.

In addition, the Iranian government signed an agreement on military cooperation with the Assad regime in Syria.

In 2015, Iran entered into an agreement with the US and the leading countries to refuse to develop nuclear weapons in exchange for lifting some economic sanctions, including the ban on international oil trade.

The governments of the leading European countries consider the agreement with Iran an important condition for international security.

At the same time, a number of countries, in particular the current US and Israeli administration, express fears that the agreement does not provide firm guarantees for Iran's refusal to develop nuclear weapons.

hromadske.ua  In Ukrainian/український
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