The Ministry of Finance called on to respond to US sanctions by strengthening the role of the Euro

© AFP 2018 / Martti Kainulainen/LehtikuvaМонеты and Euro banknotes. Archival photoThe Ministry of Finance called on to respond to US sanctions by strengthening the role of the Euro© AFP 2018 / Martti Kainulainen/Lehtikuva

In response to the U.S. extraterritorial sanctions should be measures to strengthening of positions of Euro in international payments, said Monday the Minister of economy and Finance of France Bruno Le Mayor.

«We need to strengthen the role of the Euro in the international arena. The decisions were announced by France, Germany and great Britain in response to extraterritorial U.S. sanctions are a way to say that we want to strengthen our common currency, want to be sovereign and free», — he told reporters in Brussels.

«In the long term we want to make the Euro one of the reference international currency. For this, Europe needs more solidarity and investment,» — said Le Mayor.

The President of the United States Donald trump announced in may that Washington is out of agreement with Iran on its nuclear program. He also reported the return of all sanctions against Iran including secondary, that is, against other countries doing business with Iran. Once again, the U.S. has enacted on August 7 some of the sanctions against Iran.

EU, France, Germany and the UK issued on Friday a joint statement in which it confirmed that it will continue working with Russia, China and other countries on the preservation and maintenance of an effective financial channel with Iran, despite US sanctions.

Additional US sanctions, which involved the export of oil, entered into force 5 Nov. The US Secretary of state Mike Pompeo announced that Washington provides temporary exceptions to the oil sanctions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey. The US special envoy on Iran Brian hook has warned that Washington will immediately impose sanctions against those who try to use the mechanisms of bypass of restrictions against Tehran.The Ministry of Finance called on to respond to US sanctions by strengthening the role of the Euro© RIA Novosti, Infographicsrussia against Iran

Source