Allied Governments "Face Substantial Risks" If Caught Trading With Iran, US Warns

Authored by Jason Ditz via AntiWar.com,

The US Treasury Department on Tuesday issued a statement directed at allied governments, and private companies operating out of allied countries, warning them against any trade with Iran, warning they “face substantial risks” if they are caught.

Undersecretary of the Treasury Sigal Mandelker says that the world must “harden your financial networks,” and make sure they have “airtight” procedures in place to prevent even accidental business ties to Iran. He added that nations must make sure “Iran and its proxies are not exploiting your companies to support their nefarious activities.”

Though presented as a warning about being tricked by Iran, the warning is likely primarily directed at EU nations, as the EU has already decided to prohibit its companies complying with US sanctions on Iran.

The EU is planning to try to block the US from punishing those companies, but many of the major businesses are being very cautious about new deals with Iran, fearing the US will go after them anyhow.

US sanctions against Iran’s nuclear program are expected to ratchet up in the next several months, after President Trump withdrew the US from the nuclear deal. Yet the deal remains in place, and many nations may not be willing to follow the US in this crackdown so long as Iran remains compliant.

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Comments

philipat Luc X. Ifer Wed, 06/06/2018 - 19:37 Permalink

Under International law and the terms of its WTO undertakings, the US has absolutely no right to impose sanctions on other sovereign states trading with Iran. What it can do, however, is impose all sorts of problems for the Companies of these nations trading in the US, the world's second largest market, after the combined EU. Allies of the US need to think more strategically in addressing this situation because the only way out of this is to develop the Eurasian markets, under AIIB, SCO, BRI so as to dilute the importance of the US market over time. And this appears to be slowly dawning on the EU politburo. In this regard, closer cooperation with Russia and China is in the best interests of the EU of they ever want to escape the immoral clutches of Washington.

In reply to by Luc X. Ifer

Ms No Wed, 06/06/2018 - 13:58 Permalink

If sanctions are an act of war to try to cause civilian populations to suffer and begin agitation against their own governments, then how many nations is the US currently at war with that the US population has no clue about?

If there was any justice in this world the second someone like Yemen becomes isolated from thriving every motherfucker responsible would get bombed 15 minutes later.

What, you want to starve my people and shutter my economy!  BOOM BITCH!  

kikk Wed, 06/06/2018 - 14:05 Permalink

So, the USA get to decide which countries can trade with which other countries. AGAIN.

Oh and decide which agreements or treaties any other countries should honour, ironic really as the USA has never honoured a single one since the country was formed.

Fuck the USA, you all think Donald Trump was elected King of the World.

 

Consuelo Wed, 06/06/2018 - 14:05 Permalink

Every time one of these announcements comes out, all it serves is to expedite the process already underway to detach from the yoke of the dollar.   Funny thing thing is, the power structure knows this 50 ways 'til Sunday, but that isn't the point.  The point is, it's do or Die for the U.S. as dominant global currency in trade.   There is no other way out but coercion and conflict.