Russia wants to join EU's bypass of sanctions on Iran

Section:

Kremlin Throws Weight Behind EU Effort to Boost Iran Trade

By Henry Foy
Financial Times, London
Thursday, July 18, 2019

MOSCOW -- Russia has signalled its willingness to join a European Union payments channel designed to circumvent U.S. sanctions banning trade with Iran and has called on Brussels to expand the new mechanism to cover oil exports.

Moscow's involvement in the channel, known as Instex, would mark a significant step forward in attempts by the EU and Russia to rescue a 2015 Iran nuclear deal that has been unravelling since the Trump administration abandoned it last year.

... Dispatch continues below ...


ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



"Russia is interested in close co-ordination with the European Union on Instex," the Russian foreign ministry told the Financial Times. "The more countries and continents involved, the more effective will the mechanism be as a whole." ...

... For the remainder of the report:

https://www.ft.com/content/3aa3e7ee-a8b7-11e9-984c-fac8325aaa04

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16