U.S. tells Europe: Choose between us and Iran, as new trading system launches
Source: Washington Post
By Loveday Morris June 28 at 4:04 PM
MANAMA, Bahrain — The U.S. special representative for Iran said Friday that European companies have a choice: Do business with the United States or do business with Iran, as Europe announced that a new system to allow trade with Tehran was in place.
The comments by Brian Hook came as European countries made a last-ditch effort to prevent Iran from breaching the terms of the 2015 nuclear deal, a move that could add to soaring tensions in the Persian Gulf.
Europe has been scrambling to come up with a mechanism to persuade Iran to stay within the limits of the deal, as Tehran complains that it no longer sees the economic benefit of the accord after the Trump administration pulled out and reimposed sanctions on the nation. Iran has indicated that if it does not receive some form of sanctions relief, it plans to exceed the limit of 300 kilograms (660 pounds) of low-enriched uranium that the country is allowed to possess under the nuclear agreement.
That threat added urgency to efforts by Britain, France and Germany to set up a complex barter system that would allow some trade with Iran to continue in order to keep Tehran from breaching the deal. The system is now operational, senior E.U. diplomat Helga Schmid said after a meeting of officials from the remaining E.U. signatories in Vienna on Friday. She said she expected more E.U. countries to join.
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Read more: https://www.washingtonpost.com/world/us-tells-europe-choose-between-us-or-iran/2019/06/28/94dc120c-9996-11e9-916d-9c61607d8190_story.html
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