Will the US sanction its European NATO allies? Don't put anything past the US.
Secretary of State Mike Pompeo previously warned of “swift punishment” for countries doing business with Iran, thus INSTEX is seen as a first small step toward greater European economic independence, and toward calming Iranian criticisms centered on seeing "dollar domination" as fueling European weakness to follow through on JCPOA stipulations....Zero Hedge
Europe Launches SWIFT Alternative To Send Money To Iran
Tyler Durden
1 comment:
China has its own alternative to SWIFT, called CIPS (Cross-Border Inter-Bank Payments System).
It is headquartered in Shanghai, and it came online in 2015.
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