INSTEX is the Instrument in Support of Trade Exchanges and it permits companies in Europe to do business with countries like Iran, avoiding American sanctions by trading outside the SWIFT system, which is dollar denominated and de facto controlled by the US Treasury.
Not pleased at all
This will not please Sigal P. Mandelker, who is an American (Israeli dual citizen born in Israel) lawyer and government official who currently serves as Under Secretary of the Treasury for Terrorism and Financial Intelligence. Mandelker also served as the Acting United States Deputy Secretary of the Treasury from 2017-2018.
Iran will not be imploding economically. Last Friday, Russia signalled its commitment to secure Iran’s oil and banking sectors, should the EU’s pathetic INSTEX mechanism is not effective by 7 of July.Russian Deputy Foreign Minister Sergei Ryabkov said on Friday that Moscow is ready to help Iran export its crude and ease restrictions on its banking system should Europe fail to make INSTEX a viable mechanism. China too, has stated that “normal energy dealings” with Tehran are in accordance with law, and should be respected. The Central Bank of Iran said this week that Iran has climbed past the peak of sanctions and oil exports are on the rise again.The nonsensical notion of Iran on the cusp of collapse is a meme being peddled by various ignorant and diluted Iranian exiles looking for a job in DC as “experts” on Iran, the MEK terrorist cult with membership largely limited to its now aging pool of members who had originally joined the group in the 1970’s and the 1980’s, US prominent hawks, and Netanyahu, the war criminal that pushed for the 2003 illegal Invasion of Iraq with his lies in US Congress. The only solution for Trump is a humiliating journey of return to the JCPOA, and a hope to call the defeat as ‘victory’. President Putin will educate Trump in regards to this ancient, 8,000 years old civilization; “Iran”.
Russia’s National Security Advisor Nikolai Patrushev made it clear in his remarks that Russia stands behind Iran and that it will not tolerate any more aggression by the US. “In the context of the statements made by our partners with regard to a major regional power, namely Iran, I would like to say the following: Iran has always been and remains our ally and partner, with which we are consistently developing relations both on bilateral basis and within multilateral formats,” Patrushev said after the trilateral meeting. “This is why we believe that it is inadmissible to describe Iran as a major threat to regional security and, moreover, to put it on par with the Islamic State or any other terrorist organization,” Patrushev stated.
John Bolton Flies to Israel to Apologize for Not Bombing Iran, Says He Will Do It Soon.
This is a funny video, Bibi says that it is Iran that is on a campagin of aggression They stirred up the trouble in Syria? They destroyed Libya etc? This is palpably a false narrative. Question: Who started all this with the twin towers? Whatever your theory might be…..one thing is certain it was not Iran (and it was not Saddam). Who benefits?
John Bolton stood in front of an Israeli flag at a podium identifying him as an employee of the Prime Minister of Israel.
“Neither Iran nor any other hostile actor should mistake U.S. prudence and discretion for weakness,” Bolton said. “No one has granted them a hunting license in the Middle East.”
He spoke in Jerusalem alongside Israeli Prime Minister Benjamin Netanyahu. Bolton said he is in the Middle East for previously scheduled meetings with Israeli and Russian security advisors. And he warned Iran that the U.S. remains a formidable adversary. “Our military is rebuilt, new and ready to go,” Bolton said.