France Vows to Protect Iran Against US Acting as World’s “Trade Policeman”

(MEMO) — France has vowed to fulfill plans to defy the US’ sanctions on Iran while increasing the international role of the euro in order to prevent Washington from acting as the world’s “trade policeman”.

France’s Minister of Economy and Finance, Bruno Le Maire, told the British newspaper Financial Times that Europe is planning the formation of a special financial channel to Iran in order to keep trade flowing with the country and assure its own “economic sovereignty”, with the aim of making the euro as powerful as the dollar.

“Europe refuses to allow the US to be the trade policeman of the world,” Le Maire stated in an interview in Brussels, emphasizing that Europe must “affirm our sovereignty” in regards to the US sanctions on Iran and its wider economic hegemony.

After President Donald Trump pulled out of the Iranian nuclear in May, the European Union – along with Russia and China – remained committed to the agreement, and has insisted on defying the sanctions and facilitating trade with Tehran.

Creative Commons / Middle East Monitor / Report a typo

This article was chosen for republication based on the interest of our readers. Anti-Media republishes stories from a number of other independent news sources. The views expressed in this article are the author’s own and do not reflect Anti-Media editorial policy.

Since you’re here…

…We have a small favor to ask. Fewer and fewer people are seeing Anti-Media articles as social media sites crack down on us, and advertising revenues across the board are quickly declining. However, unlike many news organizations, we haven’t put up a paywall because we value open and accessible journalism over profit — but at this point, we’re barely even breaking even. Hopefully, you can see why we need to ask for your help. Anti-Media’s independent journalism and analysis takes substantial time, resources, and effort to produce, but we do it because we believe in our message and hope you do, too.

If everyone who reads our reporting and finds value in it helps fund it, our future can be much more secure. For as little as $1 and a minute of your time, you can support Anti-Media. Thank you. Click here to support us

    9

COMMENTS

0

You must be logged in to post a comment.