Aeroplanes have to be funded by banks. Banks have been put on notice that if they fund for a sanctioned party from now on, then those banks will be shut down. The US Dollar is involved as the world's only reserve currency. The world wide reach of the US on sanctions can be taken as a given. Therefore, don't do business with any entity which is sanctioned by the US. It is quite simple.
Quite simple: make the invoice in Euro, no USD involved anymore.
Before other countries agreed to tighten sanctions, US sanctions have also been ignored by, you guessed it, all but the US.
And of course the EU could decide that banks refusing to do Iran business get kicked out of SWIFT. Or we could just stop allowing US Military overflights and harbor stops in the EU. Or un-invite the US from Diego Garcia, it is still UK territory after all.
If you think the US has all the leverage via stuff like banking regulations, you better sit down and think again.
They are operating outside of the rule based norms of international conduct.
Iran is perfectly within the norms of international conduct. The US is violating good faith, and hence operating outside of rule based norms of international conduct.
In my view, they will need to come back into line or face really dire consequence
Iran is in line, 100%.
The sooner the rule based system is re-imposed the better.
So, if you want to go back to rule based system, impeach Trump for ruining the USA international reputation, and go back to the Iran agreement and drop those illegal sanctions.
The EU may or may not like it, who cares. Whatever they do will have no effect the overwhelming power of sanctions. They have been given the gypsies' warning.
Back to the SWIFT Idea, the EU can finish every single US bank that refuses Iran transactions in a couple of days.
Unless Iran takes the first step and pulls its Revolutionary Guards back home
With in the legal international frame work, you keep lying you like it so much about, Iranian troops are legally in Syria, while your troops are illegally in Syria. I would be against it, but if you meant what you said, they would have to be withdrawn first.
and meanwhile negotiates via the EU or the US on their terms for the Iranian surrender,
no you recommend violating the sovereignty of Iran, which just happens to be a violating of that rule based international system you claim to be a fan off.
Do i need to remind you that the United States have signed and ratified a treat guaranteeing the right to have nuklear weapons for any sovereign nation.
The USA is clearly violating the Non-Proliferation Treaty, and has a long, long history of doing so. More than Iran and North Korea combined.
, which is what happens when the international rule based norms
The Iran Agreement is the international rule based norm. Iran and everybody is is keeping that, the US is violating it.
President Macron and Chancellor Merkel have both met the US President and have been told what the US position is. The UK Foreign Secretary was met and advised likewise by his US equivalent. If the the three chose not to listen, that is their problem. The would be best to get on board with the US, to help the rather than hinder the disciplinary actions against bad behaviour.
Nope, best is, like with your stupid and illegal Cuba sanctions, to reply in kind until the US backs off. Since 1996 the EU has laws on the books specifically allowing EU companies to ignore any unilateral US sanctions, and the legal framework to reply in kind. Of course president Clinton was about a gazillian times smarter than Trump
At the moment the EU is considering setting up an EU bank for nothing but Iran deals in EURO. Good luck doing anything about that bank. To bad they are way our of your jurisdiction, you know, the one that ends at your borders.
It is a good thing that the USA is the only superpower, and should be supported in spite of its President.
China, the EU and Russia dwarf the US economy. Why would any country in its right mind support the US in effectively deciding who they can and can´t do business with. Ask French finance minister, Bruno Le Maire: “We have to work among ourselves in Europe to defend our European economic sovereignty,” .... “Do we want to be a vassal that obeys and jumps to attention?”.
The UK seems perfectly willing to risk wracking its own economy for the tiny bit of extra sovereignty they can get via Brexit. And considering the the US is the economic junior partner in this deal, the risk is rather small.
This Singature is a safe space......