Europe set to announce plan letting Iran bypass U.S. sanctions

The Times of Israel reports: “Britain, France and Germany will launch a special payment mechanism Thursday that the EU hopes will help save the Iran nuclear deal by bypassing US sanctions, European sources told AFP.

The entity, to be registered in France with German governance and finance from all three countries, will allow Iran to trade with EU companies despite Washington reimposing sanctions after US President Donald Trump pulled out of the 2015 accord.

The three countries — the European signatories to the landmark deal that curbed Tehran’s nuclear ambitions in return for sanctions relief — are expected to issue a joint communique launching the project, which has been in preparation for months…”

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