The European Union refused the dollar

16 May 2018, 13:37 | Economy
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European countries do not intend to abandon purchases of Iranian oil. Simply now, when paying for black gold, they will use the continental currency, not US dollars. Such a decision can be made in response to Washington's withdrawal from a nuclear deal with Iran. "I have information that the EU intends to switch from the US dollar to the euro when paying for Iranian oil," a diplomatic source in Brussels told journalists.. This step will be taken within the framework of a new program to support and strengthen economic ties between the "euro-trio" (France, Germany and the United Kingdom) and Iran. The fact that the parties have started work on this program, said the head of EU diplomacy Federica Magerini. Practical solutions are planned to be developed in the coming weeks. "We deplored the US decision to withdraw from the Joint Comprehensive Action Plan and recognized that the lifting of sanctions related to the nuclear program and the normalization of trade and economic relations with Iran are the main part of the agreement," she said after late yesterday The evening of talks with Iranian Foreign Minister Javad Zarif in Brussels. Strengthening of cooperation with the Islamic Republic means continuation of trade in oil, gas and oil products, effective banking transactions, continuation of contacts with Iran in the field of aviation, sea and land transport, as well as the provision of export credits. The parties also committed themselves to doing their utmost to preserve the nuclear agreement. "We are not discussing guarantees, but efforts that we can undertake together, including with Russia and China. We understand that this will be difficult, but it will allow us to maintain an agreement approved by the international community, "Magerini said.. Iran and six international mediators (Russia, the United States, Britain, China, France, Germany) in 2015. signed the Joint Comprehensive Plan of Action. Its implementation removed from Tehran previously imposed due to nuclear developments economic and financial sanctions. President of the United States Donald Trump, since taking office, criticized this deal and accused Iran of violating the agreement. On the eighth of May, Trump announced the US withdrawal from the agreement and ordered the immediate start of the restoration of sanctions against Iran. American companies will again be banned from cooperation with Iran in the energy, petrochemical, financial and other sectors. Sanctions are also expected to be imposed on other countries that conduct business with Iran.

But, apparently, other participants in the deal will not comply with US demands, as they unanimously condemned Trump's decision. The other day the EU ambassador to the United States David O'Sullivan said that the countries of the commonwealth intend to work out the protection of European companies from the consequences of possible restrictive measures. "We will need to consider how to cope with the negative effect of primary or secondary sanctions that can be restored by the US and which can affect European firms," ??he said..

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