RandomGuy
09-25-2018, 12:13 PM
The remaining members in the Iranian nuclear deal say they will set up a new payment system to maintain business with Iran and bypass US sanctions.
The system would facilitate oil companies and businesses to continue trading, without relying on the US-led global market and dollar.
Exactly how the system would work is still being determined.
Earlier this year, President Donald Trump pulled the US from the 2015 Iran nuclear deal and re-imposed sanctions.
The Joint Comprehensive Plan of action, as the nuclear deal is officially known, was negotiated during the US presidency of Barack Obama.
It saw Iran limit its nuclear activities in exchange for sanctions relief.
EU foreign policy chief Federica Mogherini announced the plan after talks at the UN with the remaining members of the accord - Britain, China, France, Germany, Russia.
A statement said they were determined to "protect the freedom of their economic operators to pursue legitimate business with Iran".
https://www.bbc.com/news/world-middle-east-45634448
Iran's largest trading partner: China.
Trump has launched a new round of punitive tariffs on: China
Trump reversed sanctions on Chinese company after Chinese central bank loaned one of the real estate deals he is involved in about $500M.
Wonder how much it will cost China in bribes to the president to get around any penalties this time?
The system would facilitate oil companies and businesses to continue trading, without relying on the US-led global market and dollar.
Exactly how the system would work is still being determined.
Earlier this year, President Donald Trump pulled the US from the 2015 Iran nuclear deal and re-imposed sanctions.
The Joint Comprehensive Plan of action, as the nuclear deal is officially known, was negotiated during the US presidency of Barack Obama.
It saw Iran limit its nuclear activities in exchange for sanctions relief.
EU foreign policy chief Federica Mogherini announced the plan after talks at the UN with the remaining members of the accord - Britain, China, France, Germany, Russia.
A statement said they were determined to "protect the freedom of their economic operators to pursue legitimate business with Iran".
https://www.bbc.com/news/world-middle-east-45634448
Iran's largest trading partner: China.
Trump has launched a new round of punitive tariffs on: China
Trump reversed sanctions on Chinese company after Chinese central bank loaned one of the real estate deals he is involved in about $500M.
Wonder how much it will cost China in bribes to the president to get around any penalties this time?