Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Fear of reprisals threatens Europe's Iran mechanism

By Liu Xuan | China Daily | Updated: 2018-11-16 10:04
Share
Share - WeChat
European Commissioner for Justice Vera Jourova delivers a speech during a debate on the use of Facebook users' data by Cambridge Analytica and the impact on data protection, at the European Parliament in Strasbourg, France, October 23, 2018. [Photo/Agencies]

A legal mechanism within the European Union to facilitate legitimate financial transactions with Iran may prove difficult to implement, especially in the short term, Chinese experts warned.

The initiative, known as Special Purpose Vehicle, is being threatened as no EU country is willing to host the operation for fear of provoking punishment from the United States.

The SPV aims to allow European companies to continue to trade with Iran in accordance with EU law and could be open to other partners.

Proposed by the EU, Iran and five countries - China, Britain, France, Germany, Russia - in September, the mechanism is an effort to save the 2015 nuclear deal after the US withdrew and reimposed sanctions on Iran.

"Austria has indeed refused. It's not dead, but it's not going in the right direction. We are going to try again with Luxembourg, but we're under no illusions," a European diplomat said on Wednesday, adding that Belgium and Luxembourg are two other possibilities, while both have expressed strong reservations although they have not commented publicly.

The EU's executive on Wednesday promised EU lawmakers a solution would be found and that technical work continued, adding that the bloc would not be cowed by US sanctions.

European Justice Commissioner Vera Jourova told the European Parliament in Strasbourg that the Europeans "cannot accept that a foreign power, not even our closest friend and ally, takes decisions over our legitimate trade with another country", referring to the US.

Niu Song, professor of Middle East Studies Institute at Shanghai International Studies University, said the mechanism may succeed in the long run, although achieving substantial progress in the short term will prove difficult, as there are technical barriers and political resistance.

"It is very difficult for the EU in its attempt to challenge the US dollar hegemony by establishing SPV through the Iranian sanctions, and the US will have many countermeasures, especially in the security field," he said. "In fact, many European companies also have no confidence in competing with Washington."

Zou Zhiqiang, a researcher from Shanghai International Studies University, said the EU cannot completely cut off economic ties with Iran or abandon the Iranian market, even if the SPV fails.

"It is possible for the EU to continue to maintain certain economic and trade exchanges through third parties, such as Italy and Greece, which are exempted from the US and also members of the party," he said.

However, if the US persists with a tough attitude, he said, the economic exchange between the EU and Iran will be substantially weakened or even interrupted.

"The future depends more on the attitude of the US as well as the negotiations and bargains between the US and Europe."

Reuters contributed to this story.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人免费午夜视频| 国产四虎免费精品视频| 欧美成人在线免费观看| 四虎永久免费网站免费观看| www.羞羞视频| 欧美综合人人做人人爱 | 亚洲av最新在线观看网址| 男同在线观看免费网站| 国产精品反差婊在线观看| 久久精品无码专区免费东京热 | 师尊要被cao坏了by谦野| 亚洲熟妇色xxxxx欧美老妇| 肥老熟妇伦子伦456视频| 在线欧美精品国产综合五月| 久久9精品久久久| 狠狠色香婷婷久久亚洲精品| 国产精品综合一区二区三区| 丁香六月在线观看| 日本边添边摸边做边爱的网站| 动漫女同性被吸乳羞羞漫画| 91抖音在线观看| 成人亚洲欧美激情在线电影| 亚洲AV无码国产精品永久一区| 自拍欧美在线综合另类| 国产精品久久久久无码av| a毛片免费视频| 日韩欧美无线在码| 免费看特级淫片日本| 青娱乐在线播放| 国产欧美精品一区二区三区四区| 99er在线视频| 好男人看的视频2018免费| 亚洲三级小视频| 老公和他朋友一块上我可以吗 | 亚洲欧美精品伊人久久| 精品久久久无码中文字幕天天| 国产精品毛片va一区二区三区| 久久久久人妻一区精品色欧美| 欧美乱妇高清无乱码在线观看 | 女同学下面粉粉嫩嫩的p| 丰满的己婚女人|