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Sputnik — Britain, France, and Germany Oppose US Effort to Re-Impose Sanctions Against Iran – Joint Statement

Summary:
Here is comes. Reaction to imperial(ist) overreach.Needless to add, Russia and China are also opposed.Sputnik InternationalBritain, France, and Germany Oppose US Effort to Re-Impose Sanctions Against Iran - Joint StatementBut...Facing deep recession owing to COVID 19, the EU decides to continue punishing itself economically and to continue to lose Russian markets to BRICS anyway.  "Brilliant," especially when sanctions are benefitting Russia by increasing self-sufficiency, on one hand, and also driving it to broader and deeper economic partnership with China, while European firms are loosing ground in Russia.See alsoWho wants to step into the line of fire? European allies face a similar bind in the NATO ramp-up against Russia where Russia has warned participating countries that they will

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Here is comes. Reaction to imperial(ist) overreach.

Needless to add, Russia and China are also opposed.

Sputnik International
Britain, France, and Germany Oppose US Effort to Re-Impose Sanctions Against Iran - Joint Statement

But...

Facing deep recession owing to COVID 19, the EU decides to continue punishing itself economically and to continue to lose Russian markets to BRICS anyway.  "Brilliant," especially when sanctions are benefitting Russia by increasing self-sufficiency, on one hand, and also driving it to broader and deeper economic partnership with China, while European firms are loosing ground in Russia.

See also

Who wants to step into the line of fire? European allies face a similar bind in the NATO ramp-up against Russia where Russia has warned participating countries that they will be targeted. Doh.

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David S. Cloud

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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