Monday, 21 May, 2018

US Not Ruling Sanctions Against EU Companies for Cooperating With Iran - Bolton

Trump decision to nix not fix Iran deal adds to transatlantic tensions China stands by n-deal
Ben Pena | 13 May, 2018, 20:25

European countries and companies that continue to do business with Iran could face US sanctions, National Security Adviser John Bolton said Sunday.

The French and German governments stressed the need for political independence from the White House as they took steps to safeguard the agreement which lifted economic sanctions against Iran in exchange for limits on the country's nuclear programme.

Part of the flaw with the Iran deal that President Donald Trump rejected was it enticed Europe and the US into economic relations with Iran that would work against holding the country accountable for violations of the agreement, Bolton said.

"There is a realization among all European states what we can not keep going in the direction we are headed today whereby we submit to American decisions", said French Finance Minister Bruno Le Maire.

"Iran's Military Budget is up more than 40% since the Obama negotiated Nuclear Deal was reached.just another indicator that it was all a big lie".

"Do we want to be vassals who obey decisions taken by the United States while clinging to the hem of their pants?"

German Chancellor Angela Merkel spoke to Russian President Vladimir Putin about how to preserve the agreement today.

But the US ambassador in Berlin, Richard Grenell, said firms should question the morality of doing business with Iran.

Petrobras (PBR) Earns News Sentiment Score of 0.14
The active investment managers in our database now own: 60.64 million shares, up from 58.06 million shares in 2017Q3. Petroleo Brasileiro S.A. - Petrobras ( PBR ) recently closed with rise of 8.38% to its 20-Day Simple Moving Average.

With the Iran deal in the rearview mirror, the next major test for Mr. Trump's team will be his negotiation with the North Korean leader, Kim Jong-un. The International Atomic Energy Agency (IAEA) has constantly maintained that Iran is sticking to the terms of the agreement and is not cheating, a fact independently verified by the USA military as well.

Meanwhile, Saudi Arabia has signaled it is ready...

"This deal is not a bilateral treaty".

"I've written and said a lot of things over the years when I was a complete free agent", Bolton said when pressed on the issue regime change in Iran on CNN's "State of the Union".

"I know this is not the mood of our times", she added.

Moreover, Trump's decision seems to have angered European officials, with Europe set to lose out billions of dollars' worth of trade deals if the Iran sanctions are reimposed.

The French finance minister said he pushed U.S. Treasury Secretary Mnuchin this week for three things: exemptions for French companies operating in Iran; or the application of a so-called grandfather clause for deals struck in Iran since 2015; or an extension of the 90-day period to wind down operations in Iran.

Meanwhile, the US government tried to further pinch Iran's finances by disrupting a currency exchange network allegedly used to transfer millions of dollars to Iran's Revolutionary Guard.

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