EU Helps Iran Circumvent US Sanctions – IOTW Report

EU Helps Iran Circumvent US Sanctions

In order to allow European firms to continue to do business with Iran, the EU is creating a means for the Islamic state to avoid transacting in the international financial markets. Called a “special purpose vehicle,” the mechanism will be a sort of barter system that will allow Iran to exchange its oil for European goods. More

The EU and the remaining participants in the Iran nuke deal, Britain, France, Germany and Russia are proudly declaring that they are all going to stay with the arrangement turning it from a “P5+1” to a “P4+1” after the withdraw of the United States. More

6 Comments on EU Helps Iran Circumvent US Sanctions

  1. will create a barter system, similar to one used by the Soviet Union during the Cold War, to exchange Iranian oil for European goods without money changing hands

    Because in the European Union, the entire European Union, there isn’t a single bank? They’re already too “culturally enriched” to print money? The Iranians, the Russians, can’t show them how to clone PayPal?

    Or is the Federal Reserve like Connor MacLeod? And every “nations” bankers are good with that?

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