France End Arounds Iranian Sanctions
By Micah Halpern
Friday January 25, 2019
I've Been Thinking:
We knew it was happening - now France has made it official.
The basic principle is simple. France is creating a non dollar base trade exchange with Iran. This trade with Iran is totally outside the realm of US regulators.
The US system is based on dollars that move through world markets. So if the French/EU system is independent of dollars - then it will be free of the heavy US restrictions.
This new system was announced by the French Foreign Minister Jean-Yves Le Drian on Wednesday and it is totally backed by the Europeans.
This end around US sanctions could have huge implications for US sanctions.
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