Offbeat United Against Trump, EU Invokes Measures to Combat Sanctions

19:56  17 may  2018
19:56  17 may  2018 Source:   bloomberg.com

UN asks oil traders to shore up sanctions on North Korea

  UN asks oil traders to shore up sanctions on North Korea UN sanctions experts are asking global commodity trading firms and oil companies to spell out what measures they are taking to prevent illegal oil shipments from reaching North Korea, the panel's coordinator said Tuesday.The UN Security Council in December adopted a new round of sanctions that severely restricted oil supplies vital for North Korea's ballistic missile and nuclear programs.

The German MEP said: "President Trump took measures against Bombardier in the UK and now he is imposing steel and aluminium sanctions against Europe . Ebs•abc news. EU news: Elmar Brok called on Britain to unite with the EU against US trade tariffs.

When Trump exceeded to pull out of the nuclear agreement last year, the European Union ’s ambassador to the United States, David O’Sullivan, warned that the EU could invoke a blocking statute that would protect European businesses from U.S.. secondary sanctions .

European Commission President Jean-Claude Juncker, right, European Union President Donald Tusk, center, and Bulgarian Prime Minister Boyko Borisov attend a press conference during an EU-Western Balkans Summit in Sofia, Bulgaria, on Thursday. © LUDOVIC MARIN/AFP/Getty Images European Commission President Jean-Claude Juncker, right, European Union President Donald Tusk, center, and Bulgarian Prime Minister Boyko Borisov attend a press conference during an EU-Western Balkans Summit in Sofia, Bulgaria, on Thursday. The European Union’s 28 leaders came to Bulgaria this week to deepen ties with partners in the east. They left preparing defenses against allies in the west.

First thing on Friday morning, the European Commission, the EU’s executive arm, will begin putting a so-called blocking statute in place to shield European companies doing business with Iran from U.S. sanctions. It’s the first time in more than two decades that the measure is being invoked.

Oil wavers ahead Trump's Iran nuclear deal decision

  Oil wavers ahead Trump's Iran nuclear deal decision <p>Oil prices turned volatile Tuesday after a report that President Donald Trump will not pull the United States out of the 2015 Iran nuclear deal, but it was not immediately clear whether the report was accurate.</p>Bloomberg News reported that Trump will announce new sanctions on Iran but would not leave the deal, citing CNN. However, that headline was not accurate. CNN actually reported that Trump would restore sanctions that have been suspended, marking the first step toward exiting the accord.

Foreign governments are threatening to launch stiff retaliatory measures against the United States if President Trump Donald John Trump Baldwin spotlights mother’s drug addiction, efforts to combat opioid In 1975, for example, Sweden invoked national security when it imposed quotas on footwear

The sanctions were imposed by the United States, the European Union ( EU ) and other countries and international organisations against individuals, businesses and "US sanctions several Russians, including oligarch linked to former Trump campaign chief Paul Manafort". CNBC. Retrieved 2018-04-06.

The deepening rift in trans-Atlantic ties was the main takeaway from the Bulgarian capital of Sofia, where leaders rallied together in defense of the rules-based international system and vowed to confront President Donald Trump’s “capricious assertiveness.” The EU agreed to throw its weight behind the Iran deal that Trump quit and pledged to suspend trade talks with Washington until the bloc is granted an unlimited exemption from threatened steel and aluminum tariffs.

“We will not negotiate with the sword of Damocles hanging over our heads,” European Commission President Jean-Claude Juncker told reporters on Thursday at the summit’s close. “It’s a matter of dignity.”

Blocking mechanism

Europe’s mood is shifting from shock at Trump’s “America First” agenda to a resolve to assert its own position. Trans-Atlantic tensions came to a head with Trump’s decision to pull out of the landmark Iran nuclear accord that the remaining signatories — Russia, China, France, Germany and the U.K., along with the EU — all say is working.

Nikki Haley says she used Trump's unpredictability to win North Korea sanctions

  Nikki Haley says she used Trump's unpredictability to win North Korea sanctions US Ambassador to the United Nations Nikki Haley said she used President Donald Trump's unpredictability to get the Chinese to back tougher international sanctions on North Korea. "I would always use the unpredictability of President Trump to help me get the sanctions through," Haley told an audience at the University of Houston on Tuesday, recounting conversations with her Chinese counterparts. "So I would say, 'We have to cut off the (North Korean) laborers', you know? 'We have to do this,'" she recalled. "And they'd say, 'Oh, no, no, we can't do that.

In his combative speech to the United Nations General Assembly last week, Trump himself called the One of the hardest-hitting measures required other countries to significantly reduce their In the 1990s, the United States threatened sanctions against any company that made major investments

Note that EU autonomous sanctions cannot be imposed against individuals or entities where there is no foreign policy dimension. The Council of the EU has produced a factsheet on “The EU list of persons, groups and entities subject to specific measures to combat terrorism”.

The last time the EU threatened to use the blocking statute was in 1996, when Bill Clinton’s administration stood down and agreed to waive sanctions aimed at curbing foreign investment in Cuba, Iran and Libya.

The proposed EU actions are no guarantee that the accord can be salvaged, however, with the U.S. Treasury Department saying companies with existing contracts will have 90 to 180 days to extract themselves from their Iran dealings before becoming subject to penalties.

German Chancellor Angela Merkel, who will meet with Russian President Vladimir Putin on Friday, warned that it wouldn’t be possible to shield entire industries from U.S. measures and said that she didn’t want to “encourage any illusions.”

Juncker reiterated the stakes of standing up to the Americans, saying “we have to understand that the effects of the U.S. sanctions will be felt.”

Unpredictable friend

The commission’s proposals on how to save the Iran accord were unanimously accepted by the EU leaders and included: keeping Iran’s oil and gas industry viable; allowing the European Investment Bank to facilitate investments in Iran; the creation of special purpose vehicles to allow for transactions between the regions; and protecting European companies that do business in the Middle Eastern nation.

France condemns US over Iran sanctions

  France condemns US over Iran sanctions It says European firms should not have to pay for the US decision to abandon a key nuclear deal.The action from Washington followed President Donald Trump's decision to pull out of a landmark deal that sought to curb Iran's nuclear programme.

The United Nations is not only imperfect, it is also misunderstood. Somewhat predictably, U.S. President-elect Donald Trump and his fellow Republicans Obama likewise went to the U.N. when he sought to tighten sanctions against and cut off financial flows to ISIS and to push the White House

“This bill, if it comes into force, would allow measures against European natural or juridical persons for situations that have no connection with the United States,” the statement read. French and EU laws would need to be adjusted in response to the sanctions , she said

French President Emmanuel Macron said that neither France nor the EU had any intention of imposing sanctions or counter-sanctions on U.S. companies over Iran, since his defense of the nuclear accord was based on concerns about security and stability, not commerce.

Neither will the French president force companies to stay in Iran at the risk of attracting U.S. sanctions, Macron said, adding that “the President of the Republic is not the director general of Total,” the only western energy major with investments in Iran.

While Europe looks for the right balance of tools to deploy against its U.S. ally, if any at all, the political will to defy Trump united the normally fractious bloc. EU President Donald Tusk set the tone for the summit on Wednesday when he asked rhetorically before a dinner with the leaders: “With friends like that, who needs enemies?”

“The real geopolitical problem is not when you have an unpredictable opponent or enemy or partner, the problem is if your closest friend is unpredictable,” Tusk said at the close on Thursday. “This is the essence of our problem today with our friends on the other side of the Atlantic.”

With assistance from Jonathan Stearns, Arne Delfs, Ian Wishart, Gregory Viscusi and Andrea Dudik


Trump Tells Macron the U.S. Will Withdraw From Iran Nuclear Deal .
President Trump’s decision, while long anticipated and widely telegraphed, plunges America’s relations with European allies into deep uncertainty. They have committed to staying in the deal, raising the prospect of a diplomatic and economic clash as the United States reimposes stringent sanctions on Iran.It also raises the prospect of increased tensions with Russia and China, which also are parties to the agreement.The decision fulfills one of Mr.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!