EU finally stands up to US ‘bullying’ over Iran sanctions
Brussels sets up a 'special purpose vehicle' to bypass the US dollar and allow financial transactions with Tehran to continue
History may one day rule this was the fateful geopolitical moment when the European Union clinched its PhD on foreign policy.
Mogherini crucially emphasized, “in 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.”
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.
It may have taken a few months, but the EU-3 have finally realized what Moscow and Beijing already knew: any business with Iran – which is in the interest of all players – must bypass the US dollar.
In parallel, we will have Russia and China doing business with Iran in rubles and yuan.
The SPV will allow Iran to keep at least the 40% of its oil exports that go to the EU market in place and even allow investments by EU energy giants on Iranian infrastructure. It also opens an escape route for easily frightened energy customers such as India.
And in a total symbiotic way, the SPV opens another path for Russia and China as well. After all, the SPV mechanism will bypass the Belgium-based SWIFT financial network, on which the US interferes at will. SPV may become the preferred post-SWIFT mechanism, allowing for even more cross-border business across Eurasia and expanding to the Global South.
EU diplomats have conveyed to Asia Times a mood of absolute exasperation with the Trump administration in Brussels. A diplomat sums up the sentiment: “We are not going to be bullied by extra-territorial interference anymore. The JCPOA was the first EU foreign policy success. We worked very hard for it, and we are determined that the agreement won’t be undermined under any circumstances.”
The game reveals its complexity when we consider that Iran has been the catalyst for the EU to finally stand up to the US – and potentially get closer to Russia and China. What we see emerging is the contours of a possible cross-Eurasia alliance, in multiple fronts, between Russia-China-Iran – the three key nodes of Eurasia integration – and the EU-3.
It’s a game worthy of a Persian chess master: involving energy wars, the balance of power in Southwest Asia, the absolute power of the US-controlled global financial system and the status of the US dollar – bolstered by the petrodollar – as the global reserve currency.
Arguably, a concerted offensive spearheaded by the SPV will lead the euro, the yuan and the ruble to eventually establish themselves as credible reserve currencies. Dollar weaponization, beware.
http://www.atimes.com/article/eu-finall ... sanctions/
Ob nun diese Mechanismen für den Iran genügend Kompensation bieten bleibt abzuwarten. Viel strategischer ist, das durch das unilaterale Handeln der Trump-Administration, wie im Artikel beschrieben "der Katalysator Iran" neue Mechanismen implementiert werden, die weit über das Thema hinausgehen. Die EU stärkt ihre Position. Sicherlich auch durch Trump mit in Gang gebracht. Von daher, wie bereits erwähnt ist das Handeln Trumps aus Sicht des geopolitischen Players USA extrem kontraproduktiv. Die EU wird in Zukunft zusammen mit China und Russland dadurch ein Instrument besitzen die USA "zu umgehen". Die Macht des Dollars und der USA hat Trump damit einen Bärendienst erwiesen. Und er ist doch für "America first"...?
The Iranian Foreign Minister said Iran's oil sales to India will continue despite the US threats of sanction pressures against Iran and its economic partner, Financial Tribune daily reported on Saturday.
India is committed to buying Iranian oil and continuing the bilateral economic cooperation, Mohammad Javad Zarif said after a meeting with his Indian counterpart in New York on the sidelines of the United Nation General Assembly.
https://www.business-standard.com/artic ... 025_1.html
Es mag sein, das dies nicht die Sanktionen von Trump (komplett) außer Gefecht setzen. Aber die Entwicklung an sich sollte Trump Sorgen machen. Aber der wird in ein paar Jahren sowieso aus dem White House raus sein. Sein Nachfolger oder Nachfolgerin kann sich dann damit auseinandersetzen (müssen). Was dann wieder als "Versteher" kritisiert wird. So, wie nach der Ära Bush.