EU lawmakers condemn illegal US sanctions
Jerome Hughes
Press TV, Brussels
A debate in the European Parliament has heard that the EU is far too dependent on the United States dollar and there is a serious lack of political will when it comes to negating the effects of US sanctions.
Big firms such as Airbus, Peugeot and Citroen want to do business with countries like Iran but are being told by the Trump administration that if they do, they will not be able to trade with the United States.
However, many lawmakers say that EU instruments designed to bypass US sanctions, such as the aforementioned INSTEX and also the so called 'Blocking Statute', are dysfunctional.
Some analysts argue that European Union foreign policy has been very negatively influenced by Washington in recent years and that ultimately it is ordinary, hard-working EU citizens who are paying the price for that.
This is because millions of additional jobs could be created if the EU counteracted US sanctions more effectively. Countries like Iran, Russia and Cuba represent huge markets.
Apparently hypocrisy is rife. For example, the EU and US shy away from imposing sanctions on Israel and Saudi Arabia despite the atrocities these regimes commit against civilians in Palestine and Yemen.
EU lawmakers have expressed hope that the Joe Biden administration will be less aggressive with respect to sanctions. However, they are calling on the EU to quickly develop policies to try and deliver strategic autonomy for the bloc.
Wall St falls as Russia-Ukraine tensions raise concerns
Trump prepares to pull US out of Paris Agreement: Report
Microsoft fires employees for organizing vigil for Gaza victims
Israeli embassy shooting in Jordan leaves gunman dead, 3 police injured
VIDEO | Paris march in support of Palestine women
VIDEO | ICC issues arrest warrants for Israeli prime minister, ousted regime war minister
120 Palestinians perish as Israeli war machine keeps ravaging Gaza
VIDEO | Struggles of Palestinian women amidst war, displacement
VIDEO | Hezbollah rains attack drones down on elite Israeli brigade
VIDEO | US biased mediation fails
Leader: All captains of criminal, Zionist, terrorist gang must be prosecuted
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
