EU to create special payment channels with Iran despite US sanctions – Mogherini - FU Drumph! https://tinyurl.com/ybg7uksr

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Comment by Boris Badenov on September 25, 2018 at 12:33pm
European Union foreign affairs chief Federica Mogherini says the EU signatories remain committed to the nuclear deal with Iran that the US has quit. The group is working to create special payment channels to do business with Iran.

Mogherini read from a statement following a ministerial meeting of the remaining signatories of the Joint Comprehensive Plan of Action (JCPOA) deal at the sidelines of the UN General Assembly. The statement by the five nations –Russia, the UK, Germany, China and France– confirms that Iran has been complying with its end of the agreement.

With that in mind, the EU is working to create the means to continue doing business with Iran legally, at a time when the US is looking to stifle Tehran's oil exports with sanctions, aiming ultimately to bring them down to zero.
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"Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a special purpose vehicle to facilitate payments related to Iran's exports, including oil," Mogherini said.

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