20.9 C
New York
Sunday, May 29, 2022

Iran’s top judge: EU preconditions for non-dollar trade channel ‘unacceptable’

Iran's top judge: EU preconditions for non-dollar trade channel 'unacceptable'© Reuters. A man counts Iranian rials at a currency exchange shop, before the start of the U.S. sanctions on Tehran, in Basra

DUBAI (Reuters) – Iran’s top judge said on Monday that Tehran would never accept the “humiliating conditions” set by the European Union for non-dollar trade intended to evade U.S. sanctions, the semi-official Tasnim news agency reported.

France, Germany and Britain have opened a new channel for non-dollar trade with Iran to get around the sanctions, reimposed on Iran after President Donald Trump’s decision in May to exit a 2015 nuclear deal between Tehran and six major powers.

“After nine months of procrastination and negotiation, Europeans have created a mechanism with limited capacity … only for food and medicine,” Tasnim quoted Sadeq Amoli-Larijani as saying.

“Iran will never accept their strange and humiliating conditions of joining the FATF (the Financial Action Task Force) and negotiations on its missile programme.”

Iran has threatened to pull out of the nuclear deal unless the European powers enable it to receive economic benefits. The Europeans have promised to help companies do business with Iran as long as it abides by the deal.

New U.S. sanctions have largely succeeded in persuading European companies to abandon business with Iran, and Washington said it did not expect the EU effort, known as the Special Purpose Vehicle (SPV), to change that.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,305FansLike
12,893FollowersFollow
752FollowersFollow
- Advertisement -

Latest Articles

Popular Articles