Home » Business » The European Union will cease paying for Iranian oil in {dollars} – 2024-07-05 21:52:28

The European Union will cease paying for Iranian oil in {dollars} – 2024-07-05 21:52:28

/ world at this time information/ The European Union intends to change from US {dollars} to euros when paying for oil from Iran, a diplomatic supply in Brussels informed RIA Novosti.

Earlier it grew to become recognized that the “Euro troika” – France, Germany, Nice Britain – and Iran agreed to develop a program to assist and strengthen financial ties in response to the withdrawal of the USA from the settlement on the nuclear deal. This was reported by Federica Mogherini.

To start with, it’s about persevering with the commerce in oil, gasoline and oil merchandise; environment friendly banking transactions; continuation of contracts with Iran within the area of aviation, sea and land modes of transport; for granting export credit.

Sensible options are deliberate to be developed within the coming weeks.

On Might 19-20, the go to to Iran of the European Commissioner for Vitality and Local weather, Miguel Arias Cañete, has been scheduled. Based on the European Fee, the aim of the journey is to “focus on cooperation between Iran and the European Union within the area of power” throughout the framework of confirming the attachment of the EU govt faculty to the settlement on Iran’s nuclear program.

Translation: M. Zhelyazkova

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