A new mechanism of the EU on Iran may include barter, the expert believes

© RIA Novosti / Alexei Vitvitskiy in photobacteria of the European Commission in Brussels. Archival photoA new mechanism of the EU on Iran may include barter, the expert believes© RIA Novosti / Alexei Vitvitskiy the image Bank

A new mechanism of the EU on Iran to avoid us sanctions may include the barter system, as well as parallel financial channel, said in an interview with RIA Novosti, a former aide to ex-US President Barack Obama on the Middle East Robert Malley.

Earlier, the UK, Germany, France, China, Russia and Iran on the results of the Ministerial meeting on the sidelines of the United Nations in a joint statement announced that the EU will create a financial mechanism special purpose SPV to make payments to Iran to bypass U.S. sanctions.

«I understand that it will be a combination of parallel financial channel and the barter system. Without going into technical details, the main thing is to have a mechanism that would be invulnerable against the U.S. sanctions. This mechanism does not include organization, money or everything that concerns the financial system of the United States. If it affects, the long hand of the United States can reach them and impose sanctions. They are working on a sort of parallel financial system, barter exchanges. In exchange for the oil you receive the goods. Some of this works through third countries, such as Russia, and that it may be just a financial channel independent or not affects the U.S. dollar,» — said the Agency interlocutor.

«The Europeans told me that they planned to submit a package (of measures — ed.), Iran before November 4. That was their intention,» said a former senior representative of the American administration and now President of the «International crisis group».

However, he did not rule out the possibility that «that could change» because of what happened in Denmark.

Earlier, the head of the Danish foreign Minister Anders Samuelsen said that Denmark had withdrawn its Ambassador from Tehran in connection with reports about the illegal activities of Iranian intelligence in the country. The head of the Danish intelligence Service and security (PET) said for its part that the Iranian secret services were preparing an attempt on Danish territory. The representative of the Iranian foreign Ministry has rejected the charges.

At the same time, ‘malley noted that Europe will not be able to trade with Iran even in the presence of a new mechanism.

«It will be limited, and this has not been tested. Political symbolism is probably as important as economic benefits. Again, Iran is proof that Europe is trying, Europe is ready to confront the President (the President of the United States Donald) Trump that Europe is ready to be creative and to strive for the mechanism, even if it is not perfect,» he added.

The President of the United States Donald trump announced in may that Washington is out of agreement with Iran on its nuclear program. Trump also announced the restoration of all sanctions against Iran including secondary, that is, against other countries doing business with Iran. Other members of the six opposed this step of the United States. The remaining nuclear deal the state develop measures that will protect the companies from us sanctions for cooperating with Iran.

Once again, the U.S. has enacted on August 7 some of the sanctions against Iran. More substantial sanctions, which will cover the export of petroleum products will come into force on 5 November. The EU does not recognize the re-introduction of US sanctions and does not allow European companies to run them, however, companies in the EU is still the de facto curtail business with Iran, fearing American secondary sanctions.

Full interview with Robert malli, visit the website RIA Novosti >>

A new mechanism of the EU on Iran may include barter, the expert believes© RIA Novosti, Infographicsrussia against Iran