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chanism soon to avoid U.S. banking sanctions.

 
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BerichtGeplaatst: 10-09-2019 08:18:13    Onderwerp: chanism soon to avoid U.S. banking sanctions. Reageren met citaat

BEIJING Maglia Emre Can , Nov. 3 (Xinhua) -- The U.S. recent announcement of slapping back sanctions on Iran has triggered widespread defiance from the Islamic republic as well as Europe.


The Trump administration announced on Friday that it will re-impose sanctions on Iran that had been lifted under the historic 2015 Iran nuke deal, also known as Joint Comprehensive Plan of Action (JCPOA).


The European Union (EU) and Iran are working out ways to avoid the impact of sanctions on their economic and trade relationship.


RETURN OF SANCTIONS


A statement issued by the White House said the sanctions, to fully take effect on Nov. 5, would be "the toughest" and "unprecedented," targeting many of the country's "critical sectors" like its energy Maglia Mario Mandzukic , shipping, shipbuilding, and financial sectors.


"Over 700 individuals, entities, vessels Maglia Andrea Barzagli , and aircraft are going back onto our sanctions list, including major Iranian banks, oil exporters, and shipping companies," it reads. "The sanctions also target transactions with the Central Bank of Iran and designated Iranian financial institutions." Washington also blasted the Iran nuke deal as "disastrous" and "unacceptable."


The sanctions "will target those who attempt to violate or circumvent them" and that the administration "is pressing other importers to reduce to zero as quickly as possible Maglia Blaise Matuidi ," according to the White House.


The return of sanctions is part of a wider effort by the Trump administration to pressure Iran to curb its nuclear and missile programs as well as its regional influence in the Middle East.


Washington said eight nations will be given temporary waivers in their purchase of Iran's oil but gave no further details.


Bloomberg had reported earlier on Friday that India, Japan and South Korea would be among those exempt. Reuters also quoted Turkish Energy Minister Fatih Donmez as saying on Friday that Turkey has been told it will receive a waiver on U.S. sanctions. It later reported that Iraq was on the list.


These nations would be allowed to continue to purchase Iran's oil products temporarily, but they have to cut the imports until they reach zero.


However, U.S. Secretary of State Mike Pompeo said that the 28-member EU as a whole would not receive one waiver.


EU REACTION


The EU and its troika (France, Germany and Britain) on Friday jointly expressed their deep regret at Washington's re-imposition of sanctions Maglia Alex Sandro , vowing to protect European economic operators engaged in legitimate business with Tehran.


In May, U.S. President Donald Trump announced Washington's withdrawal from the landmark JCPOA. Since then, the Trump administration has slapped a number of sanctions on Iran.
re prepared for the "worst scenario" as the United States is globally isolated in its move against the Iranian nuclear deal.


Abdolnaser Hemmati Maglia Sami Khedira , governor of the Central Bank of Iran, announced last week that Iran and the EU are working to finalize a monetary transaction mechanism soon to avoid U.S. banking sanctions.


The legal entity will allow European companies to continue to trade with Iran in accordance with EU law and could be open to other partners around the world, Federica Mogherini, the EU foreign and security policy chief, said in September.


On Oct. 11 Maglia Miralem Pjanic , Iran's Supreme Leader Ayatollah Ali Khamenei urged Iranian officials to join efforts to counter the negative impacts of "brutal American sanctions" against the Iranian nation.


The top Iranian leader also ruled out all possibilities of re-negotiating with a "cheating" Washington over the Iranian 2015 nuclear deal and Tehran's missile program.

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