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: 国产成人综合精品| 成品大香煮伊在2021一| 人妻丰满熟妇AV无码区免| 高清一区二区三区视频| 国内外成人在线视频| 中文字幕亚洲综合久久| 欧美xxxx少妇| 人妻在线日韩免费视频| 色与欲影视天天看综合网| 国产真实乱对白mp4| aaa免费毛片| 成年人的免费视频| 亚洲av永久无码精品古装片| 狼人久久尹人香蕉尹人| 四虎影视成人永久在线播放| 国产女人18毛片水| 国内不卡一二三四区| 一道本不卡视频| 日本在线视频一区二区三区| 亚洲人jizz日本人| 波多野结衣与上司出差| 又紧又大又爽精品一区二区| 香蕉app在线观看免费版| 国产精品免费观看视频播放| 99精品热这里只有精品| 性欧美高清video| 久久久久亚洲av成人网| 欧洲mv日韩mv国产mv| 亚洲欧美日韩高清中文在线| 精品国产一区二区三区久| 我的好妈妈6中字在线观看韩国| 亚洲国产AV无码一区二区三区| 看看镜子里我是怎么c哭你的| 国产一区二区三区精品视频| 国产真实乱偷人视频| 国产美女口爆吞精普通话 | 老鸭窝laoyawo国产精品| 国产欧美精品一区二区三区-老狼| 91精品在线看| 大看蕉a在线观看| 一区二区免费视频|