Six more countries join Trump-busting Iran barter group
Paris, London and Berlin on Saturday welcomed six new European countries to the Instex barter mechanism, which is designed to circumvent US sanctions against trade with Iran by avoiding use of the dollar.
“As founding shareholders of the Instrument in Support of Trade Exchanges (Instex), France, Germany and the United Kingdom warmly welcome the decision taken by the governments of Belgium, Denmark, Finland, the Netherlands, Norway and Sweden, to join Instex as shareholders,” the three said in a joint statement.
The Paris-based Instex functions as a clearing house that allows Iran to continue to sell oil and import other products or services in exchange.
The system has not yet enabled any transactions.
Washington in 2018 unilaterally withdrew from the international agreement governing Iran’s nuclear programme and reinstated heavy sanctions against Tehran.
At: https://www.theguardian.com/world/2019/dec/01/six-more-countries-join-trump-busting-iran-barter-group
A Tehran pedestrian eyes exchange rates between the Iranian rial and other currencies.
The Instex barter service may offer Iran a viable way to skirt Trump sanctions, and has caught on in Europe. But as yet, no transactions have been registered.
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Their only regret, is that it can't happen more often - and of course succeed every time.
But then, they're so stupid that even when it does "succeed" (as in the recent case in Bolivia) it's only temporarily - since the only locals they can find as collaborators are for the most part the worst lowlifes you can imagine.
Such that before long, the new regime falls apart and the whole things ends up undermining U.S. standing abroad more and more.
Perhaps that's the intent all along.
