Despite Iranian ballistic missile tests and exposed assassination plots on European soil, Germany, France and Britain will focus primarily with small transactions of food & medicine as a political message to the United States to show Europe defends its interests despite US sanctions.
By Reuters
PARIS/BERLIN – Germany, France and Britain have officially set up a European mechanism to facilitate non-dollar trade with Iran and circumvent US sanctions, two diplomats said on Thursday.
The EU has been preparing the system, in effect a clearing house that avoids monetary transfers in dollars between the EU and Iran, for months although it is unlikely to become operational for several months due to technical details. Continue Reading »