Prison » Five countries announce deal to defy Trump on oil trade with Iran

Washington Examiner
September 25, 2018

Five countries that are signatories to the Iran nuclear deal announced Monday night that they will create a financial mechanism to allow them to continue trade with Iran, including importing oil, as U.S. sanctions kick in this November.

European Union foreign policy chief Federica Mogherini made the announcement to reporters at the United Nations in New York on the sidelines of the General Assembly.

She said “the initiative” to create the special mechanism will “facilitate payments related to Iran’s exports, including oil,” to “assist and reassure economic operators pursuing legitimate business with Iran.”

She made the remarks after a closed-door meeting with foreign ministers from the United Kingdom, France, Germany, Russia, China and Iran. The Iranian foreign minister accompanied Mogherini as she read the statement.

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This article was posted: Tuesday, September 25, 2018 at 4:47 am

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