- France Leads EU Drive to DEFY Trump Sanctions on Iran in Bid to Boost Euro
by CARLY READ, https://www.express.co.uk/
FRANCE will lead a drive by Brussels to defy US sanctions against Iran in a bid to boost the euro, it has been revealed.
French Economy and Finance Minister Bruno Le Maire has vowed to drive the EU to flout Washington’s new wave of sanctions on the Middle East nation’s energy, banking and shipping sectors due to come into effect next week in an attempt to strengthen the euro.
Mr La Maire argued the bloc had “economic sovereignty” from Donald Trump’s wrath because of the so-called Special Purpose Mechanism (SPV), a ruling aimed to keep trade flowing even if sanctions hit Tehran.
The Finance Minister insisted the SPV was “the financial instrument of Europe’s independence”, adding it should “allow us to trade in any product, with any country, so long as it is in line with international law and Europe’s commitments”.