• 2019-02-01

    The long reach of U.S. law affects persons, property, and acts around the world. In trying to shield EU-based individuals and entities with commercial interests from its adverse impact, European policy-makers have recently been exposed as more or less helpless. In order to pursue their strategic objectives more effectively, Europeans must not only focus on increasing strategic autonomy vis-à-vis the U.S. government. Absent a diplomatic agreement with the executivebranch, they must also better uti-lize available channels of influence. One potential avenue would be to substantially supportEU-based companies in domestic courts –both diplomatically as well as finan-cially–in order to challengethe executive branch whenenforcing U.S. law beyond borders. Only the judicial branch caneffectivelycurb the extraterritorial application of U.S. jurisdiction.

  • 2019-01-31

    When the Trump administration unilaterally pulled out of the Iran nuclear agreement in May 2018 and announced it would reimpose sanctions against Iran, the European Union (EU) declared its commitment to preserving the agreement and finding ways for its companies to circumvent U.S. sanctions. Now, eight months later, the, the Europeans finally announced the creation of INSTEX (Instrument In Support Of Trade Exchanges) as an alternative payment system so that European firms can do business with Iran. This mechanism might be too little and too late to salvage the Iran nuclear deal but it marks a milestone in an inevitable transition of epic proportions: the end of the global hegemony of the dollar. ...

  • 2019-01-31

    The European Union has announced the setting up of a payment mechanism to secure trade with Iran and skirt US sanctions after Washington pulled out of the landmark nuclear deal last May. The proposal of a financial instrument has been a key element in the EU's strategy to keep Iran from quitting the 2015 nuclear agreement, which was signed to prevent Tehran from building nuclear weapons in exchange for sanctions relief. …

  • 2018-11-07

    On November 5, further US sanctions on Iran went into effect and are expected to bring devastating consequences on the Islamic Republic and its people.  It is feared that women along with children and impoverished Iranians are most at risk. ...

  • 2018-11-01

    Since the new US embargo of Iran on Aug 6, at the MAHAK Pediatric Cancer Treatment & Research Center, parents ask questions every day about whether any drugs are available to treat their children, and whether they are genuine and not counterfeit. ... 

  • 2018-10-16

    The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against a vast network of businesses providing financial support to the Basij Resistance Force (Basij), a paramilitary force subordinate to Iran’s Islamic Revolutionary Guard Corps (IRGC).  Among other malign activities, the IRGC’s Basij militia recruits, trains, and deploys child soldiers to fight in IRGC-fueled conflicts across the region. This Iran-based network is known as Bonyad Taavon Basij, which is translated as Basij Cooperative Foundation, and is comprised of at least 20 corporations and financial institutions.  The Bonyad Taavon Basij employs shell companies and other measures to mask Basij ownership and control over a variety of multibillion-dollar business interests in Iran’s automotive, mining, metals, and banking industries, many of which have significant international dealings across the Middle East and with Europe.

  • 2018-10-04

    As the economic noose tightens on the Iranian economy, smugglers will thrive and the IRGC will be the first to profit.

  • 2018-10-04

    All unilateral sanctions by one country against others are flagrantly illegal. Under international law, Security Council members alone may impose them. The International Court of Justice (ICJ-World Court) preliminary ruling against the US is positive. It didn’t go far enough because on July 16, 2018, the Islamic Republic petitioned the ICJ for sanctions relief, claiming the Trump regime violated terms of their 1955 US-Iran Treaty of Amity, Economic Relations, and Consular Rights.

  • 2018-09-24

    A Ministerial Meeting of the E3/EU+2 (China, France, Germany, the Russian Federation and the United Kingdom, with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran, the participants of the Joint Comprehensive Plan of Action, was held on 24 September 2018 in New York. The participants considered ways forward to ensure the full and effective implementation of the JCPOA in all its aspects. They also took stock of the process of finding and operationalising practical solutions for issues arising from the unilateral withdrawal of the United States from the agreement and the re-imposition of sanctions lifted under the JCPOA and its Annex II, which they deeply regret.

  • 2018-09-22

    On May 8, 2018, the USA withdrew from the Iran nuclear deal and reimposed a list of sanctions that target Iran’s economy and companies from third-party countries that continue to trade with Iran. Both US and non-US business partners have been winding down their economic activities in Iran. These sanctions will have a detrimental effect on the country’s viral hepatitis elimination programme. ...

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