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Iran Nuclear Deal Survives Trump's Vandalism
Top Iranian officials maintain that although Tehran appreciates the EU's constructive attitude, it is unsure whether the latter is doing enough to ensure that major European companies do not roll back their involvement in the Iranian economy.

Only Russia has underscored in practical terms the determination to press ahead with economic and business cooperation with Iran. A major - even historic - step has been taken for the establishment of a free trade zone between Eurasian Economic Union and Iran, which provides the latter preferential access to a 180-million market. Moscow and Tehran extended their so-called "oil-for-goods" deal, which jettisons the use of US dollar in bilateral trade. (50 percent of revenues from oil sales will be spent on implementation of various joint projects.)
In these circumstances, the survival of the 2015 agreement seems very difficult, unless what Mogherini calls the new "EU/E3 + 2 and Iran format" gains traction in real time, while alongside major European capitals also show the political will to assert their business interests in Iran's economy, especially in the oil and gas industry, which is what Tehran is seeking.

Meeting of the Joint Commission of the JCPOA in Vienna on 25 May 2018
E3+2 (China, France, Germany, Russia, United Kingdom, and Iran): Please make a note of it.

There is a Structural Crisis of Capitalism

As you know delink is a slogan. I use it as a slogan. The actual problems of delinking are always relative. You cannot delink totally, or hundred per cent. But a gigantic country like China, India and some others can delink to a large extent, can delink 50 per cent or delink 70 per cent. The Soviet Union and China at the time of Mao had delinked 80 or 90 per cent but not totally. Still, they had trade with Western countries and with others. Delink does not mean that you forget about the rest of the world and move to the moon. Nobody can do that, and it would not be rational to do that. Delinking only means compelling imperialism to accept your conditions or a part of those conditions. When the World Bank speaks of adjusting, it always has a unilateral vision of adjusting.

Diversity is the key to economic and political evolution.
by Cat on Fri May 25th, 2018 at 05:54:25 AM EST

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