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Thread: US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions

  1. #1

    US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions

    US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions

    Sat, 11/30/2019 - 11:00

    On Friday six European countries issued a bombshell joint statement declaring their intent to join INSTEX, or the Instrument in Support of Trade Exchanges, a European special-purpose vehicle serving as a 'SWIFT alternative' to bypass US sanctions on Iran.

    Finland, Belgium, Denmark, Netherlands, Norway, and Sweden released a joint statement asserting it's of "the utmost importance to the preservation and full implementation of the Joint Comprehensive Plan of Action (JCPoA) on Iran’s nuclear program by all parties involved."

    "In light of the continuous European support for the agreement and the ongoing efforts to implement the economic part of it and to facilitate legitimate trade between Europe and Iran, we are now in the process of becoming shareholders of the Instrument in Support of Trade Exchanges (Instex) subject to completion of national procedures," the statement reads.


    The Foreign Minister of Finland Pekka Haavisto alongside Foreign Minister of Iran Mohammed Javad Zarif. AP Photo

    Instex is an initiative set up by France, Germany and the UK in January 2019 to provide humanitarian and sanctions relief to Iran after in November 2018 the SWIFT network suspended Iranian banks under Washington pressure, months after Trump pulled the US out of the nuclear deal.

    Though the new alternative financial device had shaky beginnings amid further aggressive threats from the US administration, it continued through a trial phase even though Tehran officials had complained it appeared 'too little, too late'.

    But now as this latest six country statement announces, it will serve as the European vehicle to “facilitate legitimate trade between Europe and Iran,” while also providing incentive for Tehran to return to its commitments under the JCPOA, specifically to recently breached uranium enrichment limits. Upon the announcement, US Ambassador to Germany Richard Grenell lambasted the move, saying:

    Terrible timing - why fund the Iranian regime while its killing the Iranian people and shutting off the internet? You should be standing for human rights not funding the abusers.



    Terrible timing - why fund the Iranian regime while its killing the Iranian people and shutting off the internet? You should be standing for human rights not funding the abusers. https://twitter.com/nordrumlars/stat...73049247379456

    Today 🇳🇴 🇸🇪 🇩🇰 🇫🇮 🇧🇪 🇳🇱 announced that we are joining INSTEX together with the #E3 🇬🇧 🇫🇷 🇩🇪 to facilitate trade with 🇮🇷 #Iran and help preserve the #JCPOA. https://www.regjeringen.no/no/aktuel...tex/id2680468/


    Specifically he called out a tweet by Norway's ambassador to Iran hailing the news of multiple Scandinavian countries joining the nuclear deal-saving initiative.

    As the US official's tweet reveals, the White House is using the latest weeks-long protests and government-ordered internet blockage inside Iran to keep up the pressure and focus on a 'human rights' narrative amid the security forces crackdown.

    Despite the criticism and what will no doubt be a continued flood of US official anger in response to the news, France said it asserts European autonomy amid an over-reaching Washington administration. French Foreign Minister Jean-Yves le Drian called it an “important decision” that will show “Europe’s autonomy of action”.
    The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent anybody else.

  2. #2
    Great development. Good for peace. Good for global stability and good for the global financial system.

  3. #3
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    US should be enraged, just as Iran is killing its citizens for protesting and funding terror the Nordic white gated countries are looking to get paid. Luckily they are largely irrelevant economically. I’m sure Trump will find a way to punish them.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

  4. #4
    Quote Originally Posted by onthebottom View Post
    US should be enraged, just as Iran is killing its citizens for protesting and funding terror the Nordic white gated countries are looking to get paid. Luckily they are largely irrelevant economically. I’m sure Trump will find a way to punish them.
    I think you missed that the 6 countries are JOINING France, Germany and UK in the deal. Go ahead and sanction all of Nato. LOL

    It is just another example of how USA's traditionally staunchest allies are deserting. By now almost only fascist countries or dictatorships are excluded from USA sanctions.
    The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent anybody else.

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