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Europeans want the U.S. to circumvent sanctions

France, the UK and Germany on a collision course to US President Donald Trump: you have completed the preparations for a special purpose vehicle, which would allow European companies to make despite the American sanctions will continue transactions with Iran.

The implementation was imminent, said the German foreign Minister Heiko Maas on Monday in Brussels. The company should be registered, according to diplomats in January in France and a German. The UK is involved in the management.

After the departure of Trumps from the nuclear deal with Iran, Paris, London and Berlin had decided to start the business, because the majority of European banks out of fear of high fines in the United States, Finance such transactions with the Islamic Republic, according to European law it is legal. The government in Tehran had made the fate of the agreement depends on that of Iran in the enjoyment of the promised economic benefits. "We don't want Iran out of the agreement out and back into the uranium enrichment goes," said Maas.

companies have set, according to the United States election

The United States had sanctions against Iran in November in full force and effect. You have to aim at the Oil industry, the most important revenue - and to honor source of foreign currency for the regime in Tehran, and Iran access to the international financial system. The US government had recently reiterated that it would enforce its sanctions "fully and the persons and companies responsible for the try, they run to". Republican Senator Tom Cotton said, companies would have a choice whether they wanted to do business with Iran or with the United States.

The U.S. sanctions have in Europe, no legal effect, the EU even has a Statute corresponding to the Blockade adopted. However, companies need to fear for your America business, if you trade with Iran, which, contrary to the wide-ranging US sanctions. Therefore, many European corporations and banks had pulled back from Iran.

Paris threatens Tehran

The new special purpose company to settle claims from European and Iranian businesses with each other without the use of direct payments and flow. So Iran could transfer such receivables from the sale of Oil to the company, this would then settle the invoices of European firms for the supply to Iran, which are allowed in the EU.

the EU member States see the policy of Iran in many respects critical. The German government, for example, has deprived the airline Mahan Air, the land rights, after Attempts by the Iranian secret service and blown to murder in Europe, members of the opposition. France threatens Tehran with new sanctions for its missile programme. German Chancellor Angela Merkel geisselte the policy of Iran in an Interview on Israeli radio on the occasion of Holocaust memorial day as a "threat to Israel".

in Addition, the Europeans are critical of the Iran due to its role in the regional conflicts in Syria or in Yemen. Therefore, a joint Declaration by all EU States is planned for Iran. A draft text is not finished, he found but, according to diplomats on Monday for the time being by the consent of Spain.

(editing Tamedia)

Created: 28.01.2019, 21:42 PM

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