The source spoke about the work of the EU over the bypass mechanism of the anti-Iran sanctions

© AFP 2018 / Gerard CerlesФлаг EU headquarters of the European Union in Brussels. Archival photoThe source spoke about the work of the EU over the bypass mechanism of the anti-Iran sanctions© AFP 2018 / Gerard Cerles

None of the member countries of the European Union has decided not to register a legal person on the basis of which will create a special financial mechanism to bypass US sanctions against Iran, reported RIA Novosti diplomatic source in Brussels.

In September, 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 to support transactions with Iran after the imposition of US sanctions. The head of European diplomacy Federica Mogherini in mid-November stated that the work on creation of the mechanism continues progressing positively, but the exact date is not called.

«Participation in the project is voluntary and, as far as I know, no one has yet taken the lead on registration. It remains an open question with the financial support,» — said the Agency interlocutor.

Deputy foreign Minister of Iran Abbas Araqchi said earlier that Iran intends to give the EU more time to create a financial mechanism to bypass the US sanctions.

Treasury Secretary Steven Mnuchin said that the transaction created through EU financial mechanism will also be a goal of US sanctions.

The President of the United States Donald trump announced in may that Washington comes from the agreement on the nuclear program with Iran. He also reported the return of all sanctions against the country, including the secondary, that is, in relation to other countries doing business with Iran. Once again, the U.S. has enacted on August 7 some of the sanctions against Iran. Washington has said it aims to bring Iranian oil exports down to zero and urged its customers to abandon such purchases.

The additional US sanctions against Iran, which involved the export of oil, entered into force 5 Nov. At the same time, Washington granted temporary exceptions to the oil sanctions to China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey.

According to the European Commission, the EU accounted for 20% of all purchases of Iranian oil in 2017, after entry into force of U.S. sanctions, the volume decreased. The main buyers of Iranian oil are Spain, Italy, Greece and France, whose purchases last year reached a total of 7.9 million euros. For its part Iran has purchased goods in the EU is 8.8 million euros.

The EU has expressed a regret in connection with the SWIFT decision to turn off a number of Iranian banks, noting that this may affect the integrity of the international financial system. SWIFT previously reported that suspends the access of Iranian banks to the system exchange data. The decision was made on the backdrop of US withdrawal from the Iranian nuclear deal and restore their sanctions against Iran.

SWIFT — international interbank transfer system information and make payments. Its cofounders are 248 banks from 19 countries.

The source spoke about the work of the EU over the bypass mechanism of the anti-Iran sanctions© RIA Novosti, Infographicsrussia against Iran

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