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EU prepares 'mechanism' to enable trade with Iran amidst US sanctions and waivers

iran oil
© AP Photo / Raheb Homavandi
The UK, France and Germany are set to announce the establishment of a financial mechanism to help their businesses trade with Iran despite US sanctions, according to a draft document obtained by Bloomberg.

The announcement of a special purpose vehicle might happen as soon as Monday, two diplomats familiar with the matter told Bloomberg, asking not to be identified as last-minute negotiations on the wording of the EU statement are still on-going.

The mechanism comes as part of the EU's effort to uphold the 2015 Joint Comprehensive Plan of Action (JCPOA). The countries that signed the JCPOA agreed to lift sanctions on Iran in exchange for the Islamic Republic keeping peaceful character of its nuclear programme. The US pulled out of the deal back in May, reimposing sanctions.

Comment: Of course the EU is looking for a work around, look how many other countries are continuing business with Iran via US 'waivers' while the EU loses out. It's likely the US is content with having a threat to hang over Iran until a more opportune time presents itself.

See also:


Attention

The forthcoming destruction of the 'Caribbean Basin'

Caribbean Basin map
© Response Net
Caribbean Basin
President Trump has announced the withdrawal of US combat troops from the Greater Middle East, but the Pentagon is still pursuing the implementation of the Rumsfeld-Cebrowski plan. This time the aim is to destroy the States of the 'Caribbean Basin'. This is nothing like the overthrow of pro-Soviet regimes, as in the 1970's, but the destruction of all regional State structures, without consideration for friends or political enemies. Thierry Meyssan observes the preparations for this new series of wars.

In a series of previous articles, we presented the SouthCom plan to provoke wars between the Latin-American nations in order to destroy the structures of all the States in the 'Caribbean Basin' [1]. Preparations for wars of this magnitude, intended to follow on from the conflicts in the Greater Middle East according to the Rumsfeld-Cebrowski strategy, requires a decade [2].

After the period of economic destabilisation [3] and that of military preparation, the actual operation should begin in the years to come by an attack on Venezuela by Brazil (supported by Israël), Colombia (an ally of the United States) and Guyana (in other words, the United Kingdom). It will be followed by others, beginning with Cuba and Nicaragua (the 'troïka of tyranny' according to John Bolton).

Comment: If even half of the scenarios above come to fruition, it would create an apocalyptic turn of events for S.A. No question there is such in the works.


Arrow Up

Govt. shutdown cost the US more than Trump's wall demand

Govt shutdown cost chart
© S&P/Getty Images.jpg
Lost productivity from furloughed workers and weakened economic activity during the 35-day partial government shutdown cost the U.S. economy at least $6 billion, according to a new analysis from S&P Global Ratings.

On Friday, after staff shortages caused disruptions at some of that nation's busiest airports, President Donald Trump agreed to end the longest-ever shutdown without Congress fulfilling his demand of $5.7 billion for a border wall. Congress then passed seven stopgap spending bills to fund affected government agencies through February 15.

"Although this shutdown has ended, little agreement on Capitol Hill will likely weigh on business confidence and financial market sentiments," S&P said in a news release.

'Direct impacts of the government shutdown will flow through GDP'

On January 22, The Committee for a Responsible Federal Budget (CRFB) estimated the cost of the shutdown to be $26 billion. That would be more than four times as much as Trump demanded for a border wall."

Comment: Entrenched disagreement has a steep price, not only financial.


Stock Up

Bolton admits US interest in Venezuela's 'oil capabilities' as 'good for business'

Bolton
© Unknown
National Security Advisor John Bolton
With the Venezuela crisis escalating after the US' provocative intervention against elected leader Nicolas Maduro last week, an honest admission by National Security Advisor John Bolton was overlooked by the media: It's about oil.

Trump's top adviser, who has been branded the most fervent hawk in the administration, has admitted that Washington is heavily invested in political outcomes in Caracas particularly because of Venezuela's vast untapped oil reserves.

Indeed, it just so happens that Venezuela has the world's largest proven oil reserves.

Speaking to Fox Business host Trish Regan, Bolton said that the US had "a lot at stake" in Venezuela's political crisis, specifically citing the country's oil and the economic benefit it could bring to the US. "It will make a big difference to the United States economically if we could have American oil companies invest in and produce the oil capabilities in Venezuela."

Comment: See also: The forthcoming destruction of the 'Caribbean Basin'


Brain

'Conspiracy derangement' strikes again: Even Bernie Sanders is a Russian agent, argues MSM journalist

Bernie Sanders
© Democratic socialist or Russian agent? Senator Bernie SandersReuters/Yuri Gripas
Democratic socialist or Russian agent? Senator Bernie Sanders
Progressive godfather Bernie Sanders is rumored to be ready to announce a run for the presidency in 2020. He's the most popular senator in the US, but according to one columnist, he's also an agent of Putin. Yes, really.

Senator Bernie Sanders didn't run in 2016 to push his bold platform of economic and social justice on America. No, instead his campaign was orchestrated by the Kremlin to divide the left and help Donald Trump take the presidency. At least that's according to former New York Times columnist, and current Wired editor and Los Angeles Times writer, Virginia Heffernan.

Many of his 2016 supporters, she tweeted on Saturday, were "Kremlin minions." For evidence, Heffernan relies on indictments against the Russian Internet Research Agency "troll farm" - claims that have never, and will never be proven in court.


Attention

FM Arreaza: 'US not just behind Venezuelan coup, it is leading it'

FM Jorge Arreaza
© RT Spanish
Venezuela's FM Jorge Arreaza
Venezuela is well aware the US is actually leading an effort to topple President Maduro, but is ready to sit down with the Western-backed opposition and could be doing so "in half an hour," the country's Foreign Minister told RT.

Hitting back at the Western pressure, Venezuelan government will now focus its efforts on "the main leader of the coup, the 'director of the circus,' namely, the US government, Mr Trump and his representatives."

Foreign Minister Jorge Arreaza gave an inteview to RT Spanish on Sunday. Without further ado, he accused Washington of spearheading what he said an effort to overthrow democratically elected President Nicolas Maduro. "The US government is not just behind the coup but is leading it. We are focused on neutralizing Washington's attacks."

Adding to a US-led pressure for President Maduro to step aside, Spain, France, Germany and the UK on Saturday issued the elected leader an ultimatum, calling on Maduro to call for new elections within eight days.


Comment: Does Venezuela have enough global backup to make US back down?
See also: The forthcoming destruction of the 'Caribbean Basin'


X

'No to new elections ultimatum': Maduro slams Trump, EU for arrogance, disrespect

Maduro/Army
© Reuters/Miraflores Palace
Venezuela's President Nicolas Maduro (C) seen atop a military vehicle during a military exercise in Puerto Cabello, Venezuela on Sunday.
Donald Trump despises Venezuela, Latin America and the whole world, while EU leaders, who demanded the country to hold a swift election, bow down to him, Venezuelan president Nicolas Maduro said.

The American attacks on Venezuela became "worse" since Trump, whom he described as a "man with extreme ideas," became the US president, Maduro told CNN Turk. "And now they planned a coup attempt," he said, blaming Washington for the ongoing crisis in the oil-rich Latin American country.

Washington immediately supported Juan Guaidó, the opposition leader who declared himself interim president last week. The US was supported by its allies in the region while several European countries simultaneously issued an ultimatum that new elections should be called for within eight days.

"They should withdraw this ultimatum. No one can give us an ultimatum," Maduro said. "Venezuela is not tied to Europe. This is complete insolence."

Comment: Unseating Maduro and destabilizing Venezuela is the current foothold into South America and, like falling dominoes, other countries of less strength, resources and determination will be in the crosshairs to comply.


Pirates

ISIS is gathering, preparing a terrorist attack near Russia's southern border

ISIS sleeper cell
© Chris Tomson/AMN
ISIS sleeper cell
Russian Interior Deputy Interior Minister Igor Zubov said that the transfer of local combatants from the Pakistani-based Daesh [ISIS] to Tajikistan may be linked to the preparation of a provocation against Russia.

Daesh fighters are being transferred on unidentified airplanes from Pakistan to the border of Tajikistan, near the southern Russian border, said Interior Deputy Interior Minister Igor Zubov.

According to Zubov, it could be the preparation of a massive provocation that could affect Russia.
"Daesh fighters are being mass-transported on unidentified aircraft from the territory of Pakistan to the border of Tajikistan. It seems that massive provocations are being planned with the future expulsion of large numbers of refugees and with all the consequences for Russia."
Earlier, the director of the Commonwealth of Independent States Counterterrorism Center Andrei Novikov stated that Daesh terrorists had been transferred to Afghanistan and Pakistan after being defeated in Syria and Iraq.

Comment: Interesting strategy given the US intended to pull out its troops from Afghanistan - now stretched up to 18 months. Profess commitment to one action while implementing 'the obligation' to do another.


Arrow Up

Rusal shares rise after US lifts sanctions on firms linked to Russian billionaire Deripaska

Aluminum smelter
© Reuters/Ilya Naymushin
The Rusal aluminium smelter in the Siberian city of Krasnoyarsk, Russia
Shares of Russian aluminum giant Rusal surged nearly eight percent on the Hong Kong Stock Exchange, after the US formally lifted sanctions against the company and two other firms linked to Russian businessman Oleg Deripaska.

The Trump administration removed punitive measures against the world's second largest aluminum producer, Rusal, its parent, En+ Group Plc, and power firm EuroSibEnergo (ESE), late on Sunday. The three firms were slapped with sanctions by Washington in April last year alongside many Russian businessmen and officials.

In a press release, the US Treasury said the three companies managed to meet the necessary conditions of reducing the "direct and indirect shareholding stake" and severing the control of Russian aluminum and energy tycoon Oleg Deripaska. However, the sanctions against the businessman himself remain in force.

After Deripaska significantly cut his stake in the companies, the Trump administration revealed its plans to abandon the measures in December. The Russian tycoon now owns less than 45 percent in EN+ from an earlier stake of approximately 70 percent.

European envoys to the US earlier supported Washington's plans to lift the sanctions against the three Russian companies, saying it would save thousands of jobs and prevent "serious damage to the European aluminum industry."

Vader

Fmr Chavez adviser weighs in on Venezuela crisis: Regime change is de facto 'state policy of US'

rally protest support guaido venezuela
© Reuters / Andres Martinez Casares
Supporters of Venezuela's opposition leader Juan Guaido hold a figurine with a sign that reads: "I fight for freedom", during a rally in Caracas, Venezuela, January 26, 2019.
Regime change is a permanent fixture of US foreign policy, but the Venezuelan army's loyalty to President Nicolas Maduro will make his forceful removal no easy task, a former adviser to Hugo Chavez told RT's Going Underground.

Eva Golinger, a Venezuelan-American lawyer and author who served as an adviser to former Venezuelan President Hugo Chavez, said that there was nothing surprising about Washington's latest attempt to change the leadership in Caracas.

Citing the coup in Honduras which received backing from the Obama administration, and the failed US-backed coup in Venezuela in 2002, Golinger told host Afshin Rattansi that it was wrong to believe that the United States had lost its appetite for interfering in Central and South America.