As European Union members try to salvage the P5+1 nuclear deal with
Iran, a big obstacle has been providing sanctions relief promised under
the deal. To circumvent US threats, the EU has established a clearing
house called INSTEX to allow trade with Iran without dealing with the
banks, who are too afraid of the US to finance any deals.
Israel is bound and determined to kill the deal, however, which has led
to an Israeli NGO sing the European Union over INSTEX, and trying to claim all Iranian assets in it, if any, should belong to Israelis who US courts have awarded Iranian assets to.
Seizing Iranian assets in Europe based on US court rulings, as part of
an effort to undermine EU attempts to save a nuclear deal with Iran is
clearly problematic, and the EU is likely to object to such an attempt
to legally impose US policy on them.
That may not matter, however, as suing the EU over INSTEX might just be a
cynical way to tie that newly launched system up in court, and convince
companies that the assets within INSTEX aren’t secure, and subject to
being looted in lawsuits.
Our “special friend” at it again. Won’t Bolton, Pompeo and Nikki be proud!
Israel is the root case of ALL Middle Eastern problems.
Why did the Ottoman empire have the same problems before Israel even was a state .
JDo is talking about the present day. What “same” problems are you talking about? In any case, the Ottoman Empire was run by the Turks, not Arabs running their own affairs, so if you’re saying the Ottomans had the same problem as Israelis occupying Arabs, sure, I guess you have a point, but it’s not the one you thought you were making.
I am finally convinced that this is true.
How are U.S. court rulings going to impact the EU, wouldn’t the rulings have to be in the World Court to have any standing? This is absurd on the face of it. If this has any standing then why couldn’t Iranian court ruings be used to steal U.S. assets. Theater of the absurd.
I don’t understand on what basis the courts have awarded Iranian assets to Israel anyway.
a.i.p.a.c. the cancer in the U.S. government.
Don’t worry, once Israel and the crazy Christian Zionists drive us to war in the Persian Gulf and 30% of the world’s oil disappears, the ensuing price rise will bring on a global financial collapse that will turn Israel’s silly lawsuit, and probably Israel itself, into a quaint footnote in the history of dumb moves.
So there is a silver lining?
INSTEX is a joke. None of the EU companies will deal with Iran because they are afraid of being hit with sanctions by the US directly. The bank sanctions are irrelevant because the US can sanction companies individually. INSTEX can do nothing to override this.
And the EU knows it. Which is why this whole sham is a joke. The EU isn’t really interested in risking anything with the US. but is merely making a show of being “diplomatic” while knowing the JCPOA is dead as a door nail. In the end the EU couldn’t care less about Iran and is merely avoiding the blame for starting the Iran war, leaving the blame to fall on the US and Israel.
Everyone is just going through the motions over the JCPOA while the neocons are moving ahead with plans to blockade all Iranian oil shipments, thus forcing Iran to close the Straits of Hormuz, which will start the war.
Exactly what I am thinking too.