{"id":38519,"date":"2018-10-01T05:29:57","date_gmt":"2018-10-01T10:29:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38519"},"modified":"2018-10-01T05:29:57","modified_gmt":"2018-10-01T10:29:57","slug":"eu-finally-stands-up-to-us-bullying-over-iran-sanctions","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38519","title":{"rendered":"EU finally stands up to US \u2018bullying\u2019 over Iran sanctions"},"content":{"rendered":"
\"From<\/p>\n
From left, EU High Representative for Foreign Affairs Federica Mogherini, Iran’s Foreign Minister Mohammad Javad Zarif, France’s Foreign Minister Jean-Yves Le Drian, Germany’s Foreign Minister Heiko Maas and Britain’s former Foreign Secretary Boris Johnson after a meeting in Brussels, on May 15, 2018. Photo: AFP<\/div>\n<\/div>\n

EU finally stands up to US \u2018bullying\u2019 over Iran sanctions<\/a><\/h3>\n

Brussels sets up a ‘special purpose vehicle’ to bypass the US dollar and allow financial transactions with Tehran to continue<\/strong><\/p>\n

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History may one day rule this was the fateful geopolitical moment when the European Union clinched its PhD on foreign policy.<\/p>\n

Last week, EU foreign policy head Federica Mogherini and Iranian Foreign Minister Mohammad Javad Zarif, announced at the UN a \u201cspecial purpose vehicle\u201d (SPV) to deal with the Trump administration\u2019s sanctions on Iran after the US unilaterally pulled out of the JCPOA,\u00a0 also known as the Iran nuclear deal.<\/p>\n

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Mogherini crucially emphasized, \u201cin practical terms, this will mean that EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world.\u201d<\/form>\n<\/div>\n<\/div>\n

The SPV, which according to Mogherini \u201cis aimed at keeping trade with Tehran flowing while the US sanctions are in place,\u201d could be in effect before the second stage of US sanctions begin in early November.<\/p>\n

This single initiative means Brussels is attempting to position itself as a serious geopolitical player, openly defying the US and essentially nullifying the Iran demonization campaign launched by the White House, CIA and State Department.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

From left, EU High Representative for Foreign Affairs Federica Mogherini, Iran’s Foreign Minister Mohammad Javad Zarif, France’s Foreign Minister Jean-Yves Le Drian, Germany’s Foreign Minister Heiko Maas and Britain’s former Foreign Secretary Boris Johnson after a meeting in Brussels, on May 15, 2018. Photo: AFP EU finally stands up to US \u2018bullying\u2019 over Iran sanctions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[15907,95,1997,279,284,441,4076,2662,839],"class_list":["post-38519","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-asia-times","tag-brussels","tag-economic-sanctions","tag-eu","tag-european-union","tag-iran","tag-pepe-escobar","tag-tehran","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38519"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38519\/revisions"}],"predecessor-version":[{"id":38520,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38519\/revisions\/38520"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}