EU Finally Stands Up To US ‘Bullying’ Over Iran Sanctions

Brussels sets up a 'special purpose vehicle' to bypass the US dollar and allow financial transactions with Tehran to continue

By Pepe Escobar

October 02, 2018 "Information Clearing House" -  History may one day rule this was the fateful geopolitical moment when the European Union clinched its PhD on foreign policy.Last week, EU foreign policy head Federica Mogherini and Iranian Foreign Minister Mohammad Javad Zarif, announced at the UN a “special purpose vehicle” (SPV) to deal with the Trump administration’s sanctions on Iran after the US unilaterally pulled out of the JCPOA,  also known as the Iran nuclear deal.

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