Archiv: financial facility


26.09.2018 - 13:32 [ EUObserver.com ]

World upside down as EU and Russia unite against US

The threat of US sanctions has seen EU firms such as French and German car makers Daimler, Peugeot, and Renault, German engineering company Siemens, and French energy firm Total walk away from new ventures in Iran.

But „we [the EU] cannot accept that the US decided the regions with which European companies can or cannot do business,“ Belgian prime minister Charles Michel said after meeting Iranian president Hassan Rohani in New York.

„We‘re working hard on this [the SPV] with our European partners,“ German foreign minister Heiko Maas said.

26.09.2018 - 13:23 [ CNN ]

Mogherini: Is war the alternative to Iran diplomacy?

„In times of conflict and crisis is there a better way than diplomacy and dialogue? Is war the alternative?“, says EU Foreign Policy chief on dealings with Iran.

26.09.2018 - 13:19 [ Al Jazeera ]

Top US official John Bolton to Iran: ‚There will be hell to pay‘

„So I might imagine they would take me seriously when I assure them today that if you cross us, our allies or our partners, if you harm our citizens, if you continue to lie cheat and deceive. Yes there will indeed be hell to pay,“ the US National Security Advisor said.

Speaking at an organisation that opposed the 2015 nuclear deal with Iran, from which the Trump administration withdrew in May, Bolton criticised the deal as „the worst diplomatic debacle in American history“.

26.09.2018 - 13:17 [ Breitbart.com ]

Watch: U.S. ‘Disturbed, Disappointed’ by E.U. Plan to Evade Iran Sanctions

This is one of the of the most counterproductive measures imaginable for regional and global peace and security,” he said in a speech delivered against a backdrop of protests from anti-war protesters.

“By sustaining revenues to the regime, you are solidifying Iran’s ranking as the number-one state sponsor of terror,” Mr. Pompeo added, observing Iran’s “corrupt ayatollahs” and elite Revolutionary Guards had to be “laughing this morning.”

26.09.2018 - 10:35 [ Al Jazeera ]

EU and Iran agree on new payment system to skirt US sanctions

In a major snub to the United States, the European Union has decided to set up a new mechanism to enable legal trade with Iran without encountering US sanctions.

The EU will create new payment channels to preserve oil and other business deals with Iran, Federica Mogherini, the bloc‘s foreign policy chief said late on Monday, in a bid to evade US punitive measures.

25.09.2018 - 09:48 [ European External Action Service / Europäischer Auswärtiger Dienst ]

EU HR Mogherini at the Ministerial meeting of the E3/EU+2 and Iran: press point – Part 1

Press point by Federica MOGHERINI, EU High Representative for Foreign Affairs and Security Policy, following the Ministerial meeting of the E3/EU+2 and Iran on the implementation of the JCPOA, on the sidelines of the UN General Assembly, on 24 September 2018 in New York.

25.09.2018 - 09:16 [ European External Action Service / Europäischer Auswärtiger Dienst ]

Implementation of the Joint Comprehensive Plan of Action: Joint Ministerial Statement

10. ​​Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a Special Purpose Vehicle, to facilitate payments related to Iran‘s exports (including oil) and imports, which will assist and reassure economic operators pursuing legitimate business with Iran.

25.09.2018 - 09:07 [ Haaretz ]

Remaining Powers of Nuclear Deal Looking to Save Trade Ties With Iran

In a statement after a meeting of Britain, China, France, Germany, Russia and Iran, the group said they were determined to develop payment mechanisms to continue trade with Iran despite skepticism by many diplomats that this will be possible.

25.09.2018 - 09:05 [ Washington Post ]

The Latest: 5 powers agree on plan to assist Iran’s exports

Five world powers have agreed with Iran to establish a financial facility in the European Union to facilitate payments for Iran’s exports, including oil, as well as its imports. It is a key move sought by Tehran following the U.S. pullout from the 2015 nuclear deal and its re-imposition of sanctions.

Foreign ministers from Britain, France, Germany, Russia, China and Iran said in a joint statement late Monday that the so-called “Special Purpose Vehicle” will “assist and reassure economic operators pursuing legitimate business with Iran.”