Short version:
US slaps tens of sanctions in Iran over terrorism and nuclear enrichment
President Obama and other sober leaders change tact over Iran and sign an agreement known as JCPOA.
Enter the ‘stable genius’ and he pulls out of JCPOA. All other partners stay put
The ‘stable genius’ adds more sanctions on Iran including in its trade partners.
These additional sanctions affect other members of JCPOA
The remaining JCPOA members develop a payment system known as INSTEX to circumvent US sanctions.
This means US will have to slap direct sanctions on its closest allies,UK,Germany and France for circumventing his irrational sanctions over Iran. It also means everyone but Israel and US are firmly behind Iran and JCPOA
Read on:
BRUSSELS (Reuters) - Britain, France and Germany have a special trade channel up and running with Iran that aims to circumvent U.S. economic sanctions, the EU said in a statement.
“France, Germany and the United Kingdom informed participants that INSTEX had been made operational and available to all EU Member States and that the first transactions are being processed,” the EU said in a statement, referring to the channel’s formal name.
Iran has also established an entity to trade with Europe, while some more EU countries are joining INSTEX as shareholders, the statement said, following talks between the remaining signatories to the Iran nuclear deal - Russia, China, Britain, France and Germany - after the United States pulled out.
Europe says Iran trade channel operational: statement - Reuters
You can read more about INSTEX here:
What is the EU-Iran payment vehicle INSTEX? | DW | 31.01.2019
https://eeas.europa.eu/headquarters...erica-mogherini-creation-instex-instrument_en
US slaps tens of sanctions in Iran over terrorism and nuclear enrichment
President Obama and other sober leaders change tact over Iran and sign an agreement known as JCPOA.
Enter the ‘stable genius’ and he pulls out of JCPOA. All other partners stay put
The ‘stable genius’ adds more sanctions on Iran including in its trade partners.
These additional sanctions affect other members of JCPOA
The remaining JCPOA members develop a payment system known as INSTEX to circumvent US sanctions.
This means US will have to slap direct sanctions on its closest allies,UK,Germany and France for circumventing his irrational sanctions over Iran. It also means everyone but Israel and US are firmly behind Iran and JCPOA
Read on:
BRUSSELS (Reuters) - Britain, France and Germany have a special trade channel up and running with Iran that aims to circumvent U.S. economic sanctions, the EU said in a statement.
“France, Germany and the United Kingdom informed participants that INSTEX had been made operational and available to all EU Member States and that the first transactions are being processed,” the EU said in a statement, referring to the channel’s formal name.
Iran has also established an entity to trade with Europe, while some more EU countries are joining INSTEX as shareholders, the statement said, following talks between the remaining signatories to the Iran nuclear deal - Russia, China, Britain, France and Germany - after the United States pulled out.
Europe says Iran trade channel operational: statement - Reuters
You can read more about INSTEX here:
What is the EU-Iran payment vehicle INSTEX? | DW | 31.01.2019
https://eeas.europa.eu/headquarters...erica-mogherini-creation-instex-instrument_en