The European Union’s biggest economic powers are planning to create a “special purpose” financial company by November 1, to thwart US President Donald Trump’s sanctions and help Iran continue to sell oil in Europe and do business transactions.
Governor of the Central Bank of Iran says Tehran, Moscow and Ankara have agreed on a number of economic measures like removing the US dollar from their mutual transactions as part of efforts to expand their trade relations amid Washington’s pressure.
The EU said Monday it deeply regretted the US reimposition of sanctions on Iran after President Donald Trump pulled out of the 2015 nuclear pact, and vowed immediate steps to protect European companies.
Iran’s Foreign Minister Mohammad Javad Zarif says the United States is addicted to sanctions, but the Iranians can pass through the current "critical" stage with national unity.
Iranian President Hassan Rouhani has lashed out at American officials for threatening to stop Irans oil exports, saying they would never be able to carry out such a threat. He further said that Iran and Switzerland resolved to continue trade ties.
Iran says it is confident that a US-led regime of sanctions that had been imposed against it as a result of disputes over its nuclear energy program “will never return”.