The United States said on Tuesday that European powers are unlikely to live up t...
VIENNA - The United States said on Tuesday that European powers are unlikely to live up to a pledge to prevent their conduit for trade with Iran being used to launder money or finance terrorism, raising the prospect of further U.S. sanctions.
The three European Union members have been trying to get Iran to keep its commitments under the deal to cut back its nuclear program - which Washington distrusts - by helping it to circumvent the trade sanctions that Washington has reimposed. “I question how that’s even remotely possible ... with a country like Iran where the IRGC is so endemic within the economy but also hidden in many different respects,” said Mandelker, one of the chief architects and enforcers of U.S. sanctions against Iran.
But with the United States introducing new sanctions aimed at crippling its economy, many European officials fear the deal will soon crumble anyway. “With regard to Instex, we didn’t say it was a prerequisite for it to conform , but what is clear is that anything the Iranians would do to facilitate transparency in the economy would help Instex,” he said. He added, however, that so far there had been little movement by Iran.
The U.S. Treasury has said Iran’s central bank has transferred funds to Lebanon’s Hezbollah, an armed Shi’ite political grouping that Washington considers a terrorist group.
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