EU Launches Rebellion Against Trump's Iran Sanctions, Bans European Companies From Complying

Following our discussion of Europe's angry response to Trump's unilateral Iran sanctions, in which European Union budget commissioner, Guenther Oettinger made it clear that Europe will not be viewed as a vassal state of the US, stating that "Trump despises weaklings. If we back down step by step, if we acquiesce, if we become a kind of junior partner of the US then we are lost", moments ago Reuters reported that the European Commission is set to launch tomorrow the process of activating a law that bans European companies from complying with U.S. sanctions against Iran and does not recognise any court rulings that enforce American penalties.

"As the European Commission we have the duty to protect European companies. We now need to act and this is why we are launching the process of to activate the ‘blocking statute’ from 1996. We will do that tomorrow morning at 1030,” European Commission President Jean-Claude Juncker said.

Speaking at news conference after a meeting of EU leaders in Bulgaria, Juncker added that he "also decided to allow the European Investment Bank to facilitate European companies’ investment in Iran. The Commission itself will maintain its cooperation will Iran."

Europe's hardline position will infuriate Trump, as Brussels effectively nullifying US sanctions will prompt a violent outburst from Trump, who needs Europe on his side for US sanctions of Iran to have any chance of succeeding.

Perhaps sensing what is coming, French President Emmanuel Macron took a slightly softer tone, and said that the French defense of Iran nuclear accord is based on concerns about security and stability, not commerce, and that the deal should be supplemented and it is necessary to continue negotiations, including on missile program.

The French president said that "the European Union decided to preserve the nuclear deal and defend EU companies" adding that "our main interest in Iran is not in trade, but in ensuring stability in the region, at the same time, we will not become an ally of Iran against the US."

"My priority is not commercial, it is geopolitical and strategic. It is about stability, it is about favoring an opening of Iranian society. The hardliners in Iran were the most opposed to this accord."

“We’ve had a vibrant discussion on Iran. The 2015 nuclear agreement is a crucial element of peace and security in the region. We have opted to support it whatever the US decides to do,” said the French president on arrival at the Sofia summit. “We have pledged to take necessary political steps for our companies to stay in Iran.”

Macron also said that the nuclear deal with Iran must not only be preserved, but also supplemented and expanded to include ways to solve the missile problem and questions about Iran's role in the region.

"International companies with interests in many countries make their own choices according to their own interests. They should continue to have this freedom," he added, making it clear that European companies will not be subject to US sanctions, even if that decision is ultimately up to the US.

Still he said he won’t force companies to stay in Iran should the U.S. re-impose sanctions; "The President of the Republic is not the director general of Total."

As such, France and the EU have no intention of imposing sanctions or counter-sanctions on U.S. companies over the U.S.’s re-imposition of sanctions on Iran, Macron said.

But the most accurate observations by Macron was that Trump's Iran decision strengthens both Russia and China in the region, something we pointed out weeks ago, begging the question whose interests is Trump representing.

And now that Europe has openly rebelled against Trump's sanctions, one wonders how long before the selling in oil resumes, as it is becoming increasingly clear that unlike 2012, Europe - and most of Asia - will continue buying Iranian oil, suggesting that the decline, if any, in Iranian exports will be a few hundred thousands barrels at most, a number which we expect will shrink to 0 as Iran offers increasingly preferential prices to its non-USD paying clients, especially now that Asian oil demand is soaring

Comments

FireBrander Ghost of PartysOver Thu, 05/17/2018 - 10:57 Permalink

NeoCons and Israel getting pushed into a room all by themselves...can we get the door shut and locked peacefully or is this going to get realllllly ugly?

I suspect/fear a MAJOR terror attack somewhere in the EU; with the "Intelligence Community" finding Irans' "fingerprints" all over the place...Iran may even "gas their own people" which is a definite "crossed red line" that demands an immediate invasion prior to any investigation and substantiation.

Will Bolton, the Neo's, and Israel, "get lucky" with "agents of Iran" carrying out a chemical weapons attack in the EU that forces the EU back to its lackey role?

In reply to by Ghost of PartysOver

DownWithYogaPants FireBrander Thu, 05/17/2018 - 11:02 Permalink
  • We already have a nuclear middle east: See Israel nuclear bomb count.
  • These sanctions can only harm the reserve status of the dollar.  We're better off allowing unfettered dollar trade.
  • I want to see who was bribed
  • Iran, hamas are not the danger to peace in M.E.  Israel and the Banking Cartel is.

In reply to by FireBrander

philipat dratalux Thu, 05/17/2018 - 22:45 Permalink

What a great shame that GhordEUs is no longer with us after he was exposed as an EU shill. We could have so much fun with him on this. And it would have been Soooooooooo nice to remind him that I have been saying for years that Europe needs to grow a pair, tell Washington to shove it and develop its own independent foreign policy, which now finally it seems to be doing. Of course, now that this is EU policy, I'm sure that GhordEUs would completely agree with me but would defend his position as being purely a timing difference!!

RIP GhordE!!

In reply to by dratalux

lucitanian divingengineer Thu, 05/17/2018 - 13:30 Permalink

You are right. The empire still has many lackeys in top positions here in EU not least Macron, hence his slithery tones of appeasement. He's a Rothschild trained and supported dummy, and their are many others who will try to sabotage any independent European independence. 

Such changes of course in big ships take time and the EU is sailing quite close to the rocks these days and is in desperate need of urgent reform which the Brussels bureaucrats are patently avoiding. A lot can still go wrong, but this move is a good start, even if it is only a start.

In reply to by divingengineer

philipat lucitanian Thu, 05/17/2018 - 23:00 Permalink

Yes agreed and , of course, the British Establishment will be doing everything it can to support the NWO hidden hand even from outside the EU (if Brexit is ever allowed to happen; it is no certainty yet!). So yes there is a long way to go but this is a good start.

Next, Europe needs to cut the US/NATO crap with Russia and re-establish trade partnerships. Russian sanctions have hurt nobody but Europe, not even Russia itself which has become stronger and more self-sufficient as a result. It then needs to go full speed ahead with the AIIB and OBOR Eurasian development initiatives which the US is not a part of.

In reply to by lucitanian

wildbad Bill of Rights Thu, 05/17/2018 - 11:28 Permalink

I see this not as war with iran ...i am interested to see how the €U will force "its" companies to "not comply".  WTF? 

This is about the corrupt politicians in the €U and Obozo's team being willing to do ANYTHING in order to suppress the evil behind their globalist plan.

€U politicians were directly bribed to ALLOW Iran to make a U1 based bomb.  Yes I know IsraeHell has nukes too.  Two wrongs etc.

This is about the €U pols saving their asses.  It won't work because their plan will be exposed anyway.  Obozos billions in cargo planes will come out with or without the Imam's tattling.

Marcroni and Ferkel are sunk.

In reply to by Bill of Rights

not-me---it-wa… wildbad Thu, 05/17/2018 - 11:54 Permalink

"€U politicians were directly bribed to ALLOW Iran to make a U1 based bomb.  ......bozos billions in cargo planes will come out with or without the Imam's tattling...."

 

bullshit.  quick and easy google search will show the dude that originally posted the twatter about the bribes is NOT the iranian foreign minister's chief aide.  he's some postgrad student in england claiming to work in some consultancy role at some thinktank.  just another homebrew syrian observatory....picked up by all the usual ziofetish sites.

In reply to by wildbad

msamour wildbad Thu, 05/17/2018 - 12:23 Permalink

Actually, this is about the Corporation of THE UNITED STATES OF AMERICA finally losing its power. It is happening very slowly, but very surely. All the people like you that are bitching about it are either blind Americans that are not seeing the state of the world is changing, or you are shills for the company. Either way you will soon be left in the dust of the crumbling empire... 

In reply to by wildbad

W270 Klassenfeind Thu, 05/17/2018 - 11:23 Permalink

Well as someone that didn't vote per neither candidates I can say that I can distinguish the difference.   The treacherous entities behind Obama were globalist / satanist. You know the same as your sexy Frau Merkenstien.  You know you got her pic in your wallet and when the Euro crumbles and this little experiment goes awry you can pull that picture out and thank her for the females in your family being raped and draped by Muslim masses that she invited in. 

 

Things will be bad when we loose the Petro Dollar and reserve currency but we here will be in a better position.  The majority of the people that have crossed into our country are Catholic and believe in the same God.  As for you all I see away worse outcome and therefore I would be focusing on the future ash heap that you will be dealing with than trolling on our future.

In reply to by Klassenfeind

lucitanian W270 Thu, 05/17/2018 - 13:50 Permalink

" Things will be bad when we loose the Petro Dollar and reserve currency "

Yes, you will loose the artificial subsidy that has supported your MIC for the last 50 plus years; the same MIC that has enforced a neocolonialist "my way or the highway" around the world causing many millions of deaths and untold misery to hundreds of millions of innocents, in the hypocritical name of furthering "freedom and democracy".

The fact that you equate "Christianity" with such a pile of evil shit, makes me wander which Christ you ever learned about because the one I know (and I am no Christian) was a profit of love and compassion for all, who would have been appalled by the bigotry and hate purveyed in his name. 

In reply to by W270

BarkingCat JoseyWalesTheOutlaw Thu, 05/17/2018 - 15:49 Permalink

You do realize that it is not a binary choice, don't you?

One can think that Obama was a complete piece of shit and can have a low opinion of Trump.

How do people who despise Obama and rightfully point to his destruction of Libya and Syria, while supporting Iranian and Russian helping hand given to Assad, be supporting Trump's actions against Irans?

How do you even twist your mind into stuch a logical pretzel?

In reply to by JoseyWalesTheOutlaw

Shibumi2 Klassenfeind Thu, 05/17/2018 - 11:17 Permalink

It's hard to make Trump's campaign statements/positions on the ME and US expansionist policies fit with the appointments you referenced.

 

Not that the average Trump supporter isn't going to try...ad hominem or otherwise.

 

I get the uneasy feeling that Shillery was the mope in all of this, because any even slightly credible candidate would have mopped the floor with that fabulous hairdo. Seems possible that Bernie was also derailed by the republicans as well, rather than Shillery. Watching the debates was cringe-worthy even for the most ardent Trump supporter.

 

Not much was made of Trump's connections forged from 30 years of working closely with New York real estate types, unions and the casino industry. Don't think for a minute he doesn't have "friends" in high places.

 

Shillery's people are from Arkansas.

In reply to by Klassenfeind

11b40 Shibumi2 Thu, 05/17/2018 - 12:25 Permalink

What is funny is that of course Trump has friends in high places.  He said so.  On the campaign trail, he joked about the politicians who he gave bribe money to.....legally, in the form of campaign contributions.  Very few Presidents, if any, have as clear understanding of how things work in the real world as this 70 year old billionaire.

In reply to by Shibumi2

el buitre DownWithYogaPants Thu, 05/17/2018 - 13:36 Permalink

There is little doubt that there was a yuuge amount of grift among officials of the EU and Exceptionalstan regarding the JCPOA.  However I don't think it came from Iran.  I just think they all took their personal cut off the top before they sent those pallets to Iran.  I think the pallet idea came from the "west" as it would have been much harder to embezzle with a wire transfer.  This may come out in the wash but I am not holding my breath.

In reply to by DownWithYogaPants

VZ58 tmosley Thu, 05/17/2018 - 11:10 Permalink

Um, its European business telling the EU to let them continue to do business. You know how much money is at stake with their deals? Why do you think the politicos are so outspoken about how great Zero's deal was all of a sudden? Trump better start negotiating his own deal or he will lose on this one.

In reply to by tmosley