U.S. Issues New Warning to Europe: End Business With Iran or Face Harsh Sanctions

Iran Foreign minister Mohammad Javad Zarif meets with representatives of the European Union for Foreign Affairs

Iran Foreign minister Mohammad Javad Zarif meets with representatives of the European Union for Foreign Affairs / Getty Images

 

Trump admin, Congress issue warnings that could impact international financial institutions

Congress and the Trump administration are issuing a stern warning to European partners: End all business ties with the Iranian regime or face harsh new sanctions in the coming months, a move that could impact international financial markets and U.S. banks tied to foreign monetary institutions, according to multiple senior U.S. officials who spoke to the Washington Free Beacon about diplomatic efforts to pressure Europe on Iran. Continue reading

German-Russian Oil Cooperation

BERLIN/MOSCOW (Own report) – The Russian petroleum company, Rosneft, is expanding its activities in Germany, thereby reducing Germany’s dependence on the transatlantic oil industry. While public discussion is focused on ex-Chancellor Gerhard Schröder’s candidacy for the chair of Rosneft’s board of directors, the company has increased its share to 25 percent of Germany’s crude oil imports, and has become the third largest oil processing enterprise in Germany. It has plans to further strengthen its position in the country, inspired by the close German-Russian natural gas cooperation, which provides Germany significant influence over Western Europe’s supply of Russian gas. Achieving predominant influence over the EU’s supply and a growing independence vis-à-vis the energy giants of the transatlantic era, facilitates Berlin’s pursuit of an independent German-EU global policy.

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Iran’s elite commando force running oil sector, bypassing sanctions

Time and time again, history has proven that third-world economies have no bottom, no matter the amount or severity of sanctions. So long as China and Russia keep backing the Iranian regime, and as long as energy resources are in high demand world-wide, they will likely never be stopped without resorting to war.

WASHINGTON — The United States has determined that the Islamic
Revolutionary Guard Corps was directing Iran’s state-owned oil sector.

The U.S. Treasury Departrment said the state-owned National Iranian Oil Co. was controlled by IRGC, which was helping the firm bypass international sanctions on Teheran’s energy sector.

Treasury said IRGC was increasing its control over National Iranian Oil as the elite military sought clients for Iran’s sanctioned crude oil exports.

“Under the current Iranian regime, the IRGC’s influence has grown within NIOC,” Treasury said on Sept. 24.

Full article: Iran’s elite commando force running oil sector, bypassing sanctions (World Tribune)