He said the Europeans have asked other countries to open bank accounts for Iran’s Central Bank — to facilitate direct transactions and non-reliance on the American financial system — and said Europe itself is currently working to do the same.
Meeting in Strasbourg on Thursday, the European parliament voted to give the European Investment Bank (EIB) permission to conduct financial services with Iran for the first time.
Financial experts say this will easily open the door to the EIB — conducting full-scale operations in Iran and making significant loans to Iranian businesses from its estimated balance of $500 billion.
ndia’s Foreign Minister Sushma Swaraj says New Delhi will keep trading with Iran and will only follow sanctions imposed by the United Nations and not those imposed by any other country, such as the United States, against the Islamic Republic.
After passing a 90-day mark on Aug. 6, the following sanctions will snap back on Iran, according to the Treasury Department:
– Sanctions on Iran buying or acquiring U.S. dollars
– Sanctions on Iran trading gold and other precious metals
– Sanctions on Iran’s sale, supply or trade of metals such as aluminum and steel, as well as graphite, coal and certain software for „integrating industrial processes“
– Sanctions on „significant“ sales or purchases of Iranian rials, or the maintenance of significant funds or accounts outside the country using Iranian rials
– Sanctions on issuing Iranian debt
– Iranian auto sanctions
(2.10.2017) Cry as they might along the way, no European or Asian corporation is going to choose a terrorist regime over access to the U.S. dollar.