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US to punish any EU-Iran ‘sanctionable behavior,’ doesn’t see ‘demand’ for touted trade mechanism
Published time: 30 May, 2019 13:49 Edited time: 30 May, 2019 13:59
Washington is ready to impose sanctions against the European financial settlement (INSTEX) mechanism, which would allow trade to continue between the EU and Iran, said US Special Representative to Iran Brian Hook.
The financial channel which was announced by Germany, France and the UK in January is aimed to allow “legitimate trade” with Iran in the wake of US sanctions against the Islamic Republic.
In call, US’ Hook says still doesn’t believe INSTEX will get interest from European companies. And says sanctions would only apply if it were used for sanctionable trades, NOT for “permitted transactions” — food, agri, medical devices, medicine. @eu_eeas
— laurence norman (@laurnorman) May 30, 2019
Hook says U.S. doesn't see any corporate demand for INSTEX and that it would sanction any sanctionable behavior,
— Golnaz Esfandiari (@GEsfandiari) May 30, 2019
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