Tag Archives: US economic sanctions

German Foreign Minister Heiko Maas said that the European Union needs to create an independent analogue of the American system for transferring information on SWIFT payments in order to protect its companies from US sanctions against Iran.... “In this situation it is of strategic importance that we clearly tell Washington: we want to cooperate. But we will not allow them to act over our heads, to our detriment. Therefore, it would be right to protect European companies from sanctions from...

Lawrence Freedman, emeritus professor at King’s College London [said], “the main concern is clearly not wanting to upset Russia more.” Au contraire. I suspect that the biggest reason — and one that no one in the US government will talk about above a whisper in a secure room — is that the US is one the verge of losing Europe and either the president has figured this out for himself or he is being told by his advisers. The US is also losing global leverage based on soft power. The US must...