BRUSSELS, August 15. /Basereporter.com/. European big business is not ready to resist the US sanctions against Iran, despite the EU blocking their action on its territory. This was stated by the media, Russia’s permanent representative to the EU Vladimir Chizhov.
He stressed that the blocking EU regulation “adopted primarily in the interests of European business, but European business the vast majority have made their choice, and this choice is not in favor in order to resist the us sanctions and continue to work in the Iranian market.”
“I know about hundreds of such companies from different EU countries. This choice can be explained from the point of view of elementary arithmetic, when one or another of the company’s business volume in the USA in times more than in Iran, he said. Accordingly, their financial and industrial interests more associated with the us market and, most importantly, with dollar financial system”.
Chizhov stressed that EU action could help small and medium European enterprises that are not associated with the us market and the dollar. “They are eager and willing to use opportunities in the Iranian market. The trouble is that they usually do not sell oil, and crude oil is the number one task for Iran. A significant part of oil – according to the figures that two thirds of Iran, as supplied and will supply to China, but it still leaves one-third, and it’s a lot,” – said the Russian permanent representative.
Modified Cuban regulations
He recalled that the blocking rules against U.S. sanctions on Iran, which the EU introduced on August 7, is a modified and updated version of the blocking regulations 1996, which was developed in response to U.S. sanctions against Cuba. Then its practical use is not reached because two years later, in 1998, the US administration its limitations removed.
“Probably, deep down, our European partners expect that at some point the United States will adjust its position, in any case I’ll make an exception for his closest allies. Today, however, the predictability of the political course of Washington’s economic policies and the current US administration, not to mention Congress, is, say politically correct, problematic issue,” concluded Chizhov.
Nuclear agreement on Iran did not die with the departure of the United States
In addition, the Ambassador noted that a joint comprehensive plan of action (SVPD) on the Iranian nuclear program did not die with the exit of the United States.
“Today we can say that with the departure of the US Joint comprehensive plan of action on the Iranian nuclear issue is not dead. The remaining five countries [Russia, China, France, UK, Germany] continue to work on how to preserve trade and economic cooperation with Iran under us sanctions,” he said.
“As for Russia, we never aimed to be friends with someone against someone. Objectively on this track the interests of Russia and the EU are practically the same. We were co-authors of the fragile agreement on the Iranian nuclear program, it is in our interest to preserve it”, – said the Russian permanent representative.
On 7 August, the European Union enacted the European blocking Statute which declares null and void in its territory with extraterritorial U.S. sanctions against Iran, prohibit European companies to contribute to their implementation, and also prohibits enforcement of any foreign judgments adopted on the basis of these sanctions.
It also allows all European organizations in a judicial order to compensate for the damage from the implementation of sanctions against persons because of whom it happened. At the same time, as explained by the European Commission, Brussels does not intend to punish European companies, if they decide to reduce or end their business in Iran because the Commission “has no authority to influence the business strategies of private companies.”
According to the permanent representative of the Russian Federation, these measures of the EU will not be able to keep the European big business in Iran, since most large companies have much larger assets in the US and don’t want to risk them for the sake of their positions in Iran.