In Major Threat To Dollar’s Reserve Status, Russia Offers To Join European SWIFT-Bypass

Tyler Durden of ZeroHedge –

Three weeks after a meeting among the countries that signed the Iran nuclear deal (known as the Joint Comprehensive Plan of Action or JCPOA) – and which was ditched by the US – French, British and German officials said the trade mechanism proposed last summer, designed to circumvent both SWIFT as well as US sanctions banning trade with Iran, is now operational.

And while we wait for the White House to threaten Europe with even greater tariffs unless it ends this special purpose vehicle – it already did once back in May when it warned that anyone associated with the SPV could be barred from the US financial system….

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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