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European Companies are Fleeing Iran
Al-Awsat ^ | Tuesday, 22 May, 2018 | Abdulrahman Al-Rashed

Posted on 05/25/2018 6:12:29 AM PDT by GonzoII

US Secretary of State Mike Pompeo’s statement on Monday put an end to bargains.

Officially, Washington has begun its war on the Iranian regime. The weapons of economic sanctions threaten the entire regime and do not only restrain it.

The French Total left the gas fields in the Gulf and moved on. Head of the Italian company ENI told the company’s board that they shut down their offices in Tehran and stopped searching for oil and gas. Airbus signed a contract to sell Iran 100 airplanes and only three jets arrived in Tehran’s airport as part of this historic deal which the company announced its cancellation.

A Norwegian solar energy company left Iran last week and there are four years left on the contract. Other big companies also fled Iran like the German Siemens, the Italian Danieli company which supplies equipment to the metal industry and Maersk Line, a container shipping company. Dozens of European companies rejected the Iranian temptations to stay in Iran out of fear of the Trump administration which warned that whoever does not stop dealing with Iran during the next 180 days will be prohibited from dealing with the American market.

Why do European and giant companies feel afraid? It’s simply because they have greater interests with the US, and as for those who do not care about the American market, prohibiting Iran from dealing with the dollar will subject them to bankruptcy.

The attempts of European governments, which promised they will continue to deal with Iran on the economic front as part of their commitment to the JCPOA agreement, to protect their companies’ contracts failed. Almost all big companies which made deals with Iran are withdrawing quickly despite the possible losses they may suffer.

(Excerpt) Read more at aawsat.com ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; News/Current Events
KEYWORDS: eu; europe; iran; iransanctions; trump
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1 posted on 05/25/2018 6:12:30 AM PDT by GonzoII
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To: GonzoII

Considering all the sanctions busting that was going on I call bravo sierra.

Trust but verify.


2 posted on 05/25/2018 6:16:46 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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As I said from the start, the Yurps can huff and puff all they like but in the end their companies know which side their bread is buttered on.


3 posted on 05/25/2018 6:18:26 AM PDT by FLT-bird (..)
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To: mewzilla

Or this could be a short-term strategem to see if Trump blinks or is impeached.

Let’s see what these companies say and do when Trump doesn’t and isnt.


4 posted on 05/25/2018 6:18:45 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla

...my bad...stratagem.


5 posted on 05/25/2018 6:20:08 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla

A quick googling of some of the claims made indicates this guy just sat down and starting typing, facts be damned.

One of the things I really hate about the internet.


6 posted on 05/25/2018 6:28:32 AM PDT by keat
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To: mewzilla

In the 80’s we had an embargo on DEC computers especially the VAX computer to Russia. VAX’s were used to design high speed drill bits. Russia needed them to go deeper to produce more oil as that is their only economy. VAX’s were going through Finland illegally. Casey flew to Finland and met with the powers to be. He was nice and presented a Reagan EO saying we would economically embargo Finland. Russia did not see another VAX. Russia collapsed. Iran trade partners have been told, leave or your country will be embargoed.


7 posted on 05/25/2018 6:30:07 AM PDT by Kozy (new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
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To: mewzilla

Agreed...the Trump hating socialists will only go kicking and screaming. Trump is a) American, b) Capitalist, c) male, d) Rich! Everything the purport to hate (but are actually envious of)!


8 posted on 05/25/2018 6:45:34 AM PDT by gr8eman (Since God has been banished from our classrooms, Satan has filled the void.)
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To: Kozy

Did you see this...

https://www.reuters.com/article/us-china-germany-iran/germanys-merkel-says-china-and-germany-standing-by-iran-nuclear-deal-idUSKCN1IP0I9


9 posted on 05/25/2018 6:47:38 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla

Siemens is not Germany. Seimens and the other companies trading globally determined it was best to comply with the American sanction.

The companies are not the government


10 posted on 05/25/2018 6:50:49 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: GonzoII

China and Russia will step in and fill the gap left by the Europeans.


11 posted on 05/25/2018 6:58:39 AM PDT by DoodleDawg
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To: bert

This Siemens....

https://seekingalpha.com/news/3277075-reuters-siemens-turbines-delivered-crimea-despite-sanctions

And this Siemens...

https://www.japantimes.co.jp/opinion/2015/12/29/commentary/world-commentary/germany-is-right-to-flout-russia-sanctions/

And last but not least, thus Siemens...

http://www.washingtoninstitute.org/policy-analysis/view/iran-sanctions-the-german-control-problem


12 posted on 05/25/2018 6:58:46 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla

Yep.... that’s the one

Remember though Seimens is believed to be complicit in the Stuxnet viras calamity that disabled the Iranian manufacturing ability. Some believe they did it alone. Others believe Seimens provided the entry for others to covertly destroy the nuclear effort.


13 posted on 05/25/2018 7:49:42 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: GonzoII

Why do European and giant companies feel afraid?

...

Because Trump is president instead of the girly man who preceded him


14 posted on 05/25/2018 7:53:06 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: GonzoII

Money talks
Bullshit walks


15 posted on 05/25/2018 7:55:44 AM PDT by Truthoverpower (The guvmint you get is the Trump winning express !)
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To: Truthoverpower

Imagine that. The American market is much more valuable that the Iranian market. Why didn’t Obama think of that?


16 posted on 05/25/2018 7:57:58 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: GonzoII

“The French company was among the first of those to benefit from the Iranian nuclear signed with the West in 2015. It got the deal to develop phase 11 of the South Pars gas field for around $5 billion. A top executive at the company said at the time that they do not need US’ approval to proceed with the deal. After Trump warned in November of dealing with Iran, the French company retreated and closed its offices in Tehran and opened an office in Washington to coordinate with American authorities. It has finally announced its withdrawal from Iran.”

The French are such worthless. spineless d!cks! I understand that their “white flag” and cheese factories are in full swing!


17 posted on 05/25/2018 9:42:46 AM PDT by vette6387
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To: DoodleDawg

“China and Russia will step in and fill the gap left by the Europeans.”

Chinese electronics giant was recently given crushing punishment for busting sanctions on Iran.

We have the power to squeeze them, if we choose.

It looks to me, that we are choosing to do so.

MAGA!


18 posted on 05/25/2018 9:51:52 AM PDT by BeauBo
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To: GonzoII
Coming soon, to the once haughty mullahs:


19 posted on 05/25/2018 10:05:42 AM PDT by BeauBo
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To: Kozy

Perfect analogy!


20 posted on 05/25/2018 10:21:39 AM PDT by vette6387
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