Europe officially defies U.S. sanctions
This is the exact situation any sane politician/diplomat will have wanted to avoid.
You never want to be in a position of sanctioning your allies, but that's what happens when you ignore them.
European countries have joined forces to establish their own payment channel to Iran and circumvent United States sanctions, according to German broadcaster NDR.
Germany, France and Britain have been working for months to establish a measure allowing payments between Europe and Iran to continue, in the wake of the US withdrawal from the nuclear agreement in May.
Now the European countries have officially established that channel, named INSTEX -- an acronym for Instrument in Support Of Trade Exchanges -- NDR reported Thursday, in a move likely to displease Washington.
...According to the NDR report, INSTEX will be based in Paris and managed by a German banking expert. A supervisory board will be run out of the UK.
Displeased is a nice way of putting it.
Our sanctions wall is leaking.
Meanwhile, Iraq's foreign minister Mohammed Ali al-Hakim had an interesting opinion on our Iran sanctions.
"These sanctions, the siege, or what is called the embargo, these are unilateral, not international. We are not obliged [to follow] them," he said, speaking to a gathering of journalists on Wednesday.
He said a number of "possibilities" had been suggested that could keep trade routes open with Iran, "including dealing in Iraqi dinars in bilateral trade".
Turkey is also discussing getting around our sanctions.