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Page added on July 13, 2018
European Powers Prepare To Ditch Dollar In Trade With Iran
While the White House’s frenzied anti-Iran campaign has entailed unprecedented attempts to twist the arms of the United States’ traditional European allies, the pressure may be backfiring – a reality made all the more clear by Russian Foreign Minister Sergei Lavrov’s claims that Europe’s three major powers plan to continue trade ties with Iran without the use of the U.S. dollar.
The move would be a clear sign that the foremost European hegemons – France, Germany, and the United Kingdom – plan to protect the interests of companies hoping to do business with Iran, a significant regional power with a market of around 80 million people.
Lavrov’s statement came as Trump insisted that European companies would “absolutely” face sanctions in the aftermath of Washington’s widely-derided sabotage of the six-party Joint Comprehensive Plan of Action (JCPOA). On May 8, the former host of NBC’s “The Apprentice” blasted the agreement and said that the U.S. would reinstate nuclear sanctions on Iran and “the highest level” of economic bans on the Islamic Republic.
Speaking in Vienna at the ministerial meeting of the JCPOA, Lavrov blasted the U.S. move as “a major violation of the agreed-upon terms which actually made it possible to significantly alleviate tensions from the point of view of the military and political situation in the region and upholding the non-proliferation regime.” He added that “Iran was meticulously fulfilling its obligations” at the time that Trump destroyed the U.S.’ end of the agreement.
Continuing, Lavrov explained:
The Joint Commission… will be constantly reviewing options which will make it possible, regardless of the US decision, to continue to adhere to all commitments undertaken within the JCPOA framework and provide methods for conducting trade and economic relations with Iran which will not depend on Washington’s whims.
What they can do is to elaborate collectively and individually such forms of trade and settlements with Iran that will not depend on the dollar and will be accepted by those companies that see trade with Iran more profitable than with the US. Such companies certainly exist – small, medium and large.”
Lavrov noted that the move wasn’t so much meant to “stand up for Iran” but to ensure the economic interests and political credibility of the European signatories to the accord. The Russian top diplomat added that large firms such as Total, Peugeot and Renault have already departed the country, having analyzed the situation and decided that the U.S. market is of far more vital importance.
France, Germany and the U.K. have pleaded with the “America First” president to exempt EU companies, writing a letter to U.S. Secretary-Treasurer Steve Mnuchin and right-wing Secretary of State Mike Pompeo that the nuclear accord remains the “best means” to prevent Iran’s acquisition of a nuclear deterrent given the lack of any credible alternative. Given the hard-line stances of Pompeo and National Security Adviser John Bolton, the pleas were likely greeted with bemusement.
The opening salvo or “snap-back” of sanctions hitting Iran’s automotive sector, gold trade, and other industries will hit the country on August 4, while further sanctions will hit the country’s oil industry and central bank on November 6.
Signaling the likelihood of major clashes to come, Lavrov noted:
Everyone agrees that [stepped-up U.S. sanctions on Iran] is an absolutely illegitimate practice. It cannot be accepted as appropriate, but it is a policy that can hardly be changed. Severe clashes are expected in the trade, economic and political spheres.”
Patience reaches its limits on all sides
A blistering recent speech by German Foreign Minister Heiko Maas signaled the European exasperation with Trump’s go-it-alone policies, which have largely seen the U.S. break from its transatlantic partners while pursuing what he called an “egoistic policy of ‘America First’” in relation to the Paris Climate Agreements, Iran nuclear deal, and introduction of tariffs and other protectionist measures.
The May 12, 2018 cover of the German weekly, Der Spiegel.
Maas further questioned the continued viability of the transatlantic partnership:
Old pillars of reliability are crumbling under the weight of new crises and alliances dating back decades are being challenged in the time it takes to write a tweet … the Atlantic has become wider under President Trump and his policy of isolationism has left a giant vacuum around the world.”
He added:
The urgency with which we must pool Europe’s strength in the world is greater than ever before … our common response to ‘America First’ today must be ‘Europe United!’”
Highlighting how “the Trump administration’s conduct is posing completely new challenges to Europe,” the German foreign minister noted that the White House now “overtly calls [European] values and interests into question,” requiring a more robust and assertive stance – and “the first test of this approach will be the nuclear agreement with Iran.”
While such talk surely signals major tensions between the allies, Iran’s Atomic Energy Organization director Ali Akbar Salehi offered caustic words stressing Iran’s doubt in Europe’s ability to follow through with its independent foreign policy, stating:
Iran understands that Europe and the United States are strategic partners, but they are not lovers who share the same bed … European independence vis-a-vis the US is under threat. In the eyes of the whole world, Europe has become the U.S.’ lackey.
We are faced with an American administration whose decisions have left the world in shock.
Mr. Trump is punishing foreign companies that do business with us and threatening countries that buy our petrol. He’s after fast results. But the EU, Russia and China didn’t expect to be put under so much pressure.
The EU is still under shock. The bloc is like a boxer that has been hit with an uppercut. It needs time to pull itself together.”
Despite Trump’s self-reported success at the two-day summit of the North Atlantic Treaty Organization (NATO), Iranians and Europeans alike are hoping that EU leaders can finally put their money where their mouth is and unshackle themselves from the U.S.-imposed hegemonic bondage constraining them since the end of the Second World War.
82 Comments on "European Powers Prepare To Ditch Dollar In Trade With Iran"
GregT on Sat, 14th Jul 2018 1:08 pm
“At home he is at war with the “Anglo-Zionist” deep state.”
As stated in the article above, the support for the state of Israel is not support for the Jewish faith, or the Jewish people.
It is in support of biblical prophesy, or the second coming of Christ, which the Jewish faith does not accept. They do not recognize Jesus Christ as their Messiah.
Davy on Sat, 14th Jul 2018 1:08 pm
gregster, you said “most” Normal people who are evangelicals could give a shit. Maybe if you lived here you would know that.
Davy on Sat, 14th Jul 2018 1:11 pm
sorry this is even more off the mark than “most”:
“Evangelicals are largely devout Chistian Zionists.”…and Christian has an “r” in it.
GregT on Sat, 14th Jul 2018 1:17 pm
Arguing for the sake of arguing again Davy.
I did not write the New York Times article, or the ones that I have previously linked from Israeli MSM.
And yes, I am fully aware that Christ has an ‘r” in it. I’m sure that very few people on this planet do not know that, but thanks so much for pointing out my typo, spell checker obviously missed that one.
Davy on Sat, 14th Jul 2018 1:25 pm
“Arguing for the sake of arguing again Davy.”
grehgster that is what you do all day long so quit your whining. I am educating you and you can’t stand it.
And if you are going to be a spelling Nazi then learn how to spell
GregT on Sat, 14th Jul 2018 2:44 pm
” I am educating you and you can’t stand it.”
You have proven yourself time and time again to be an intellectual lightweight Davy, and a completely delusional one at that.
You aren’t capable of educating anyone, your goat is probably even smarter than you are.
GregT on Sat, 14th Jul 2018 2:50 pm
Pastors at embassy opening highlight evangelicals’ deal with The Donald
“It was a historic and bloody day for Israel but also a deeply revealing moment in US domestic politics. At the opening of the American embassy in Jerusalem on Monday, a prayer and a benediction were given by two Christian evangelicals from Texas notorious for insulting other religions.”
“Indeed, a survey last month by the Public Religion Research Institute (PRRI) found that white evangelical support for Trump is at an all-time high, with three in four holding a favourable view of the president. This level of support was well above support in the general population, where Trump’s favourability is at 42%.”
https://www.theguardian.com/us-news/2018/may/15/donald-trump-evangelicals-christian-right-jerusalem
MASTERMIND on Sat, 14th Jul 2018 3:10 pm
Greg and davy
You too are the dumbest people on this board..You just argue about stupid shit that doesn’t even matter..and post articles from zerohedge..
JuanP on Sat, 14th Jul 2018 3:30 pm
Delusional Davy “so quit your whining. I am educating you and you can’t stand it.”
You are simply bullying others, exceptionalist, you are not educating, moderating, neutering, bringing balance or any of your other delusions. You are just a pathetic piece of shit, the same thing you’ve been here for over 5 years.
Davy on Sat, 14th Jul 2018 4:02 pm
bony juan, shut up and contribute something. Your whining gets old.
Davy on Sat, 14th Jul 2018 4:07 pm
“Pastors at embassy opening highlight evangelicals’ deal with The Donald”
Mainstream media BS there grehger. It is funny how you attack such sources until you want to prove a lame point then you are all over the fake news MSM. Extremist evangelicals may fit your stupid point but mainstream evangelicals could give a shit about Israel. Your point that they are largely all Zionist is way off the mark. You are just a dimwit anti-American Canadian who can’t stand being educated so give it a rest.
GregT on Sat, 14th Jul 2018 4:14 pm
“You too are the dumbest people on this board..”
You ‘too’?
LOL
JuanP on Sat, 14th Jul 2018 4:35 pm
Delusional Davy “bony juan, shut up and contribute something. Your whining gets old.”
More bitching and whining from the board’s pussy! LOL!
GregT on Sat, 14th Jul 2018 4:36 pm
“Mainstream media BS there grehger ”
Pastor John Hagee historic prayer at opening of US embassy in Jerusalem, Israel
https://www.youtube.com/watch?v=ll6n4ELuoMQ
Dr. Robert Jeffress – Opening Prayer at the U.S. Embassy Dedication in Jerusalem
https://www.youtube.com/watch?v=jSGSSisCT7E
JuanP on Sat, 14th Jul 2018 4:40 pm
Delusional Davy “You are just a dimwit anti-American Canadian who can’t stand being educated so give it a rest.”
Your delusion that you are educating anyone is as insane as your delusion of moderating the board and bringing balance. You are as insane as a human being can be! LOL!
GregT on Sat, 14th Jul 2018 4:41 pm
For many evangelicals, Jerusalem is about prophecy, not politics
“Jerusalem was our prophetic bellwether. God’s plan hung on its fate. Whenever Israel gained more political territory, whenever Israel extended its boundaries, it was God’s will, the end-times unfolding on the evening news. Jerusalem, as the spiritual heart of Israel, mattered. Jerusalem was God’s holy city, of the ancient past, in its conflicted present, and for the biblical future.”
“For many conservative evangelicals, Jerusalem is not about politics. It is not about peace plans or Palestinians or two-state solutions. It is about prophecy. About the Bible. And, most certainly, it is about the end-times.”
https://www.cnn.com/2017/12/08/opinions/jerusalem-israel-evangelicals-end-times-butler-bass-opinion/index.html
GregT on Sat, 14th Jul 2018 4:48 pm
Religion News Service
“On Monday (May 14), the Trump administration unveiled its new Jerusalem embassy. Many American evangelicals cheered because they understood the United States’ recognition of Jerusalem as the “once and eternal” capital of Israel as a fulfillment of biblical prophecy.”
“Trump chose two evangelical ministers to offer prayers at the dedication of the embassy. Robert Jeffress, pastor of the First Baptist Church of Dallas, delivered the invocation. John Hagee, pastor of Cornerstone Church in San Antonio, gave the benediction.”
“Both clergymen adhere to dispensationalism, a theology informed by a literal reading of biblical prophecy.”
“Dispensationalists believe Israel will play an important role in end-times prophecy. They teach that the return of the Jews to their homeland will be a sign that the end of the world is near. In most dispensationalist schemes, Jesus Christ will one day descend from heaven to the Mount Olives in Jerusalem, lead an army that will defeat the forces of the Antichrist at the Battle of Armageddon and establish a 1,000-year reign on the earth.”
https://religionnews.com/2018/05/15/is-jerusalem-embassy-part-of-gods-grand-plan-why-some-evangelicals-love-israel/
Davy on Sat, 14th Jul 2018 4:53 pm
Wow, grester, fake news cnn and who the frig know who religion news is. We are talking fine sources there, grehgster. Think about it, extremist evangelicals think like you do and that is extreme. Normal people could give a shit about Israel. Many evangelicals just go through the motions of church. For many it is about community not doctrine. Extremist like you cherry pick the furthest from a mean. No wonder you are a conspiracy addict.
Davy on Sat, 14th Jul 2018 4:54 pm
grehger, are you a closet evangelical? Maybe this is why you are always bringing these subjects up. that means you are a closet zionist too. LMFAO
GregT on Sat, 14th Jul 2018 5:04 pm
Davy,
I’m bring the subject up because it has relevance to Washington’s and Tel-aviv’s ongoing plan for Iranian destabilization.
GregT on Sat, 14th Jul 2018 5:06 pm
Bringing the subject up….
GregT on Sat, 14th Jul 2018 5:10 pm
“Wow, grester, fake news cnn and who the frig know who religion news is. We are talking fine sources there, grehgster. ”
I supplied links with video Davy.
GregT on Sat, 14th Jul 2018 5:15 pm
“grehger, are you a closet evangelical? Maybe this is why you are always bringing these subjects up. that means you are a closet zionist too. LMFAO”
More of your usual paranoid delusions buddy.
Go and speak with a mental healthcare proffesional.
MASTERMIND on Sat, 14th Jul 2018 5:20 pm
Davy
You just shoot the messenger and call anything you don’t like fake news..Show me one story from CNN that is fake news..
Your mind is fake news..
Only stories written by fictitious movie actors are trustworthy according to Davy..Anything goes in the mind of an uneducated moron.
GregT on Sat, 14th Jul 2018 5:20 pm
Professional
Makati1 on Sat, 14th Jul 2018 7:15 pm
Guys. Davy is frustrated because he cannot reach out and hit us physically, so he attempts to do it with words which only prove his immaturity, arrogance, lack of real education and that he is seriously delusional. Not to mention that he never understood the phrase: “Sticks and stones can break my bones but words can never hurt me”.
MM is all of those also. That is why I suspect that they are one and the same person. Or related. Both need professional help. I keep giving them references to free mental clinics, but…
MASTERMIND on Sat, 14th Jul 2018 8:28 pm
Madkat
I doubt you have ever brought a woman to orgasm..Thus why your wife left you and your never ending hate and over compensation..
fmr-paultard on Sat, 14th Jul 2018 9:32 pm
aswang i’m not ^mm^ or supertard, i’m a tard and a former paultard. i can not do what supertards do like flying plane and comment authoritative on oil issues. i howver understand what they write. this is a big differce beteween me and bony juantard.
you on the other hand is a blind adopter of alt-tard media such as ZH. your adherence to absolutism and supremacy is not that different from islam.
permacutism is also similar to islam in which it claims to describe all ways of producing crops even new discovery unknown to them. it’s everything to do with growing and grazing.
please kick the anti-american dog i made out of granite. i dressed it up to look like it’s alive.
ado on Sun, 15th Jul 2018 1:43 am
There are core disagreements about trade, and Trump may have a point, but I find it extraordinary that members of the western alliance openly harangue each other. What happened to the telephone? They have G7 summit and distribute photos showing disunity. It is not very clever.
Makati1 on Sun, 15th Jul 2018 5:52 pm
More proof that the Us is doomed:
“Russia Plans $50 Billion Investment In Iran’s Oil, Gas Industry”
https://oilprice.com/Latest-Energy-News/World-News/Russia-Plans-50-Billion-Investment-In-Irans-Oil-Gas-Industry.html
“…Russia’s Energy Minister Alexander Novak said on Friday that Russia was studying all legal implications for a possible deal with Iran under which Moscow would provide goods to Tehran in exchange for oil. Such a deal is still possible, Novak said.”
“goods” In other words, material support for the country during the Us’ illegal blockade.
Nuff said.
Davy on Sun, 15th Jul 2018 6:03 pm
Proof US is doomed? 3rd world how does an investment in Iran doom the US. Quality anti-American topics are only as good as the underlying legitimacy of the topic. Your comment flopped 3rd world proving you are an intellectual lightweight. Get some more coffee in you old man.
Boat on Sun, 15th Jul 2018 7:28 pm
Them Iranians sure seem desperate to have someone rape and plunder their resources for war while their people protest over the economic reality of a third world exhistance.