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Europe to ditch United States dollar in payments for Iranian oil

Europe to ditch United States dollar in payments for Iranian oil

We will remind, the President of the United States Donald trump officially announced the U.S. withdrawal from the nuclear agreement with Iran.

As Javier Blas, a chief energy correspondent at Bloomberg News, noted in his tweet, "France is floating European financing tools to bypass United States sanctions on Iran (including ideas to use the European Investment Bank, the European Central Bank or ad-hoc instruments to trade)".

"Trump played his first card, but miscalculated the second move... as Iran did not follow that plan", Rouhani said according to the Iranian agency.

His decision have left the future of the internationally signed Nuclear Deal with Iran in question.

Washington has long complained that the nuclear deal does nothing to stop Iran's ballistic missile program or its interference in conflicts across the Middle East from Syria to Yemen. "But if we want to stay in this agreement and ensure that Iran stays in this agreement and abides to the terms of the agreement, then we need to talk about this", German Foreign Minister Heiko Maas said.

He suggested that a scheme of using the yuan, euro, yen and ruble for external trade through state-owned or specialized banks could spell the end of USA sanctions being a stick to beat other nations with.

To discuss the issue with China, Russia and the Europeans, Iranian Foreign Minister Mohammad Javad Zarif has visited Beijing, Moscow and Brussel during the last week.

Iran is seeking assurances over the sale of its oil and gas to Europe, as well as its continued ability to access financial services.

European Union leaders agreed on a "united EU approach" to keeping the Iran nuclear deal alive after US President Donald Trump withdrew from the pact, a European source said after talks in Bulgaria.

Zarif was returning from a diplomatic tour of the remaining parties to the 2015 nuclear agreement - Britain, France, Germany, China and Russian Federation - following the United States decision last week to pull out. "We see the same determination from the Iranian side".

European Union leaders agreed to work with Iran to try to salvage the deal, but no immediate decisions were made.

Major European powers have sought to keep Iran in a landmark global nuclear agreement after President Donald Trump pulled the USA out of the pact and promised tough economic sanctions against Tehran.

French exports to Iran doubled past year to €1.5bn, while German exports rose by €400m to €3bn.

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