Article

2018-09-18 Syria-Lebanon-Iran

International Businesses, Banks Flee Iran As Trump Admin Readies Harsh Sanctions

[Free Beacon] International businesses across the United States and Europe are making a beeline to exit the Iranian marketplace ahead of the reimposition of harsh U.S. sanctions that Trump administration officials have been warning will target any company that defies America's call to cut ties with the Islamic Republic, according to multiple U.S. officials briefed on closed-door meetings held over the past months.

U.S. diplomats have been holding a series of meetings with top international business and banking leaders to spell out the Trump administration's new sanctions policy, which will come into full force in early November.

Since the United States withdrew from the nuclear deal, 31 European and Asian firms in the Global 500 have announced their intention to exit the Iranian market. Those companies include "France’s Total, Airbus, and PSA/Peugeot, Denmark’s Maersk, Germany’s Allianz and Siemens, Italy’s Eni, Japan’s Mazda and Mitsubishi UFJ Financial Group, and BP from the United Kingdom," according to the Foundation for Defense of Democracies.

Multiple insiders familiar with these discussions told the Washington Free Beacon the Trump administration has been making clear that if anyone sides with Iran‐and a handful of European nations are angling to keep ties with Iran open‐they will be smacked with some of the harshest sanctions in recent memory.

Major banks and corporations had been plotting with some European allies to skirt the new restrictions prohibiting business with Iran, but are said to have ceased these efforts in recent weeks after tough warnings from top U.S. diplomats, sources said.

The meetings are being held as former Obama administration officials and their allies hold a series of counter meetings aimed at helping European nations and top companies skirt Trump's new sanctions. This rogue diplomacy‐including that of former Secretary of State John Kerry, who has held a series of meetings with top Iranian diplomats‐is being met with indignation by the Trump administration, which has accused the former administration and its allies of running a shadow diplomacy campaign aimed at undermining Trump.

Posted by Besoeker 2018-09-18 00:00|| || Front Page|| [11130 views ] Top
File under: Govt of Iran

#1 Good. Trump means what he says.

Posted by Alaska Paul 2018-09-18 00:41|| 2018-09-18 00:41|| Front Page Top

#2 The Iranian banking sector is being strangled:
Wednesday, June 07, 2017:5 Foreign Banks Licensed by Iran

The Central Bank of Iran has released the names of 40 registered banks and credit institutions active in the country, which include the names of five foreign banks mostly based in Tehran and Kish Free Trade Zone. The only five foreign lenders licensed to operate in Iran are the Hamburg-based Iranian-European Bank, Standard Chartered PLC, Iran-Venezuela Bi-National Bank, Islamic Cooperation Investment Bank...

Posted by Hupusing Claitch6798 2018-09-18 10:10|| 2018-09-18 10:10|| Front Page Top

#3 I'm sure Kerry and the shadow Obama government in DoS are working to relieve your anxiety even as we are posting now.

Posted by Procopius2k 2018-09-18 16:54|| 2018-09-18 16:54|| Front Page Top

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10:52 Nero
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10:44 Grom the Affective
10:40 Procopius2k
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10:37 Besoeker
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10:00 NN2N1