Posted on 05/21/2018 7:08:16 AM PDT by GonzoII
ERBIL, Kurdistan Region – The European Commission has launched a process to protect the interests of EU companies investing in Iran as part of its commitment to the 2015 nuclear deal. However, a number of firms are already pulling out to protect their far larger US investments from sanctions.
...snip
However, multinational companies have not waited for EU leaders to find a way around US sanctions. Some have already begun cutting trade with Iran.
On May 16, French oil company Total announced its intension to end its project in Iran unless it is exempted from sanctions after the US pulled out of the nuclear deal.
Total gave hard economic realities regarding why the company has to stop trade with Iran. In a statement, Total said: “US shareholders represent more than 30 percent of Total’s shareholding … US banks are involved in more than 90 percent of Total’s financing operations.”
On Wednesday May 17, the world’s largest shipping container line Maersk announced it too has no choice but to adhere to the US sanctions. Soren Skou, chief executive of Maersk, explained: “With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the US, and we have that on a large scale.”
Multinational airplane producers Airbus and Boeing have announced they cannot commit to the deal they signed with Iran in 2016 to deliver 200 aircraft.
(Excerpt) Read more at rudaw.net ...
We are carrying a big stick for the cause of good.
Winning.
Our market is huge; Iran’s market is tiny.
The Eurotrash attempt to sideline us wasn’t really about stopping Iran’s nuclear weapons drive but rather to preserve their lucrative business deaings with Iran.
No wonder the scam is falling apart.
Great to see the European Union exposed for what it really is...toothless.
“We are carrying a big stick for the cause of good.”
And finally have a President not averse to using said Big Stick.
Winning Bigly is addictive.
“Screw the European countries who care only about funding their unsustainable socialist programs.”
Yes, and to “facilitate” that effort, we should give notice to the European NATO members that unless they pay their agreed upon share of NATO’s operating costs THIS YEAR, we’re tail lights and they can defend themselves from the Ruskies. Also, every effing dime of “foreign aid” we send to any of them needs to stop immediately. These worthless socialists have been playing us since the end of WWII.
Amen! Honestly, I think its long past time we got out of NATO and brought the boys home. Let the Yurps pay for their own defense or suffer the consequences for their failure to do so.
They’re gonna bust the sanctions....
I would argue that thetroops and bases are not purely defensive but rather as forward deployment out of CONUS
Fot instance casualties in say Afghanistan or syria can be treated at hospitals in Germany
Vessels in the Gulf can call for supply at Med ports
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