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Western policymakers and commentators wrongly assume that sanctions will force Iranian concessions in nuclear talks that resume this week in Kazakhstan - or perhaps even undermine the Islamic Republic's basic stability in advance of the next Iranian presidential election in June.  Besides exaggerating sanctions' impact on Iranian attitudes and decision-making, this argument ignores potentially fatal flaws in the US-led sanctions regime itself - flaws highlighted by ongoing developments in Europe and Asia, and that are likely to prompt the erosion, if not outright collapse of America's sanctions policy.       Virtually since the 1979 Iranian revolution, US administrations have imposed unilateral sanctions against the Islamic Republic. These measures, though, have not significantly damaged Iran's economy and have certainly not changed Iranian policies Washington doesn't like. 

Secondary sanctions are a legal and political house of cards. They almost certainly violate American commitments under the World Trade Organisation, which allows members to cut trade with states they deem national security threats but not to sanction other members over lawful business conducted in third countries. If challenged on the issue in the WTO's Dispute Resolution Mechanism, Washington would surely lose.  

Last year, the European Union - which for years had condemned America's prospective "extraterritorial" application of national trade law and warned it would go to the WTO's Dispute Resolution Mechanism if Washington ever sanctioned European firms over Iran-related business - finally subordinated its Iran policy to American preferences, banning Iranian oil and imposing close to a comprehensive economic embargo against the Islamic Republic.   In recent weeks, however, Europe's General Court overturned European sanctions against two of Iran's biggest banks, ruling that the EU never substantiated its claims that the banks provided "financial services for entities procuring on behalf of Iran's nuclear and ballistic missile programmes". 

Russia is ready to retaliate with counter sanctions against the EU and US if they go ahead with economic measures against Russia over tension in Crimea, the Russian Economic Ministry has said. "We hope that there will only be targeted political sanctions, and not a broad package affecting economic trade,” Deputy Economic Development Minister Aleksey Likhachev said. “Our sanctions will be, of course, similar,” he added. One way Russia plans on shielding itself from pending sanctions is by boosting trade in other currencies, not the US dollar. “We need to increase trade volume conducted in national currencies. Why, in relation to China, India, Turkey and other countries, should we be negotiating in dollars? Why should we do that? We should sign deals in national currencies- this applies to energy, oil, gas, and everything else,” Aleksey Ulyukaev, the Minister of Economic Development said in an interview with the Vesti 24 TV channel. The Duma, Russia’s parliament, is drafting legislation to allow Moscow to freeze assets of Western companies and individuals in the event sanctions are imposed following the Crimea referendum vote on March 16.

Earlier this week the European Union threatened to impose further sanctions on Russia starting on March 17, after the referendum in Crimea takes place on Sunday. Speaking to the German parliament, Chancellor Angela Merkel hinted sanctions would be needed if Russia "continues its course of the past weeks" in Ukraine. "It would not only change the European Union's relationship with Russia. No, this would also cause massive damage to Russia, economically and politically," Merkel said Thursday. The decision on sanctions was made, “especially on the procedure of introducing sanctions,” Poland's Prime Minister Donald Tusk said. “The consequence of this will be the start of sanctions on Monday,” he added. However, China’s ambassador to Germany Shi Mingde, warns of the global economic affect sanctions against Russia could hold. Mingde said the geo-political tiff between Russia and the West could “spiral” into chaos. President Putin and the foreign ministry have both said sanctions against Russia could backfire, and spill over into the global economy.

BRUSSELS, January 15. /TASS/. Seven EU countries support the lifting of Western sanctions on Russia, a diplomatic source in Brussels told TASS on Thursday. “The sanctions’ lifting has been supported by Austria, Hungary, Italy, Cyprus, Slovakia, France and the Czech Republic,” he said. A European diplomatic source close to the EU Council told TASS previously that foreign ministers of 28 EU member countries would not make any decisions on sanctions against Russia at their first meeting this year in Brussels on January 19. “Russia, of course, will be on the agenda of the Council (EU Council on Foreign Relations), but the specific issue of the sanctions - whether they should be cancelled, softened, renewed or not - will not be raised. The decision on sanctions should be taken in March,” he said.

According to another source, although no concrete decisions on sanctions are expected at the upcoming ministerial meeting, “the tone of this issue discussion should be softened.” “Ministers will most likely be preparing the ground for softening the sanctions regime. Perhaps the time has come,” said the diplomat. The Wall Street Journal previously reported with reference to a document prepared by the EU foreign policy service that became available to WSJ reporters that the European Union was ready to soften the anti-Russian sanctions and for partial normalisation of relations with Russia if Moscow changes its stance on the situation in Ukraine. The newspaper says this document should be considered by the participants in the meeting of the EU foreign ministers in Brussels on January 19. The document will be presented in the next few days to the EU member states’ foreign ministers.

This is the big secret that now cannot be covered anymore. The governments of the US and the European countries are NOT independent entities, they are not sovereign. They do not have the will or even the ability to act on behalf of their people. They are controlled by powerful banking interests. They have been taken over by two financial centers that do not care for the real economy. They pursue only speculation and looting. In response on March 4th the economic adviser to Putin, Sergey Glazyev declared openly that if the financial vultures persisted, Russia would create on the spot an independent financial system which is separate from that of the US Dollar. Glazyev explained to the vampires: ‘We have wonderful economic and trade relations with our Southern and Eastern partners. We will find a way not just to eliminate our dependence on the US but also profit from these sanctions….If sanctions are applied against Russia’s state structures we will have to move into other currencies and create our own settlement system. We will be forced to recognize the impossibility of repayment of the loans that the US banks gave to Russian state structures. Indeed, sanctions are a double-edged weapon, and if the US chooses to freeze our assets, then our equities and liabilities in dollars will also be frozen…’

On March 18, the spokesperson for the Kremlin, Dmitry Peskov, stated that Russia would switch to new partners in case of economic sanctions being imposed by the European Union and the United States. He highlighted that the modern world isn’t unipolar and Russia has strong ties with other states as well, though Russia wants to remain in good relations with its Western partners, especially with the EU due to the volume of trade and joint projects. Those “new partners” are not really new since Russia has been closely interconnected with them for almost 13 years. This is all about the so-called BRICS organization, consisting of Brazil, Russia, India, China and South Africa. BRICS represents 42 percent of the world’s population and about a quarter of the world’s economy, which means that this bloc of states is an important global actor. The BRICS countries are like-minded in regard to supporting the principles of international law, the central role of the UN Security Council and the principles of the non-use of force in international relations; this is why they are so actively performing in the sphere of settling regional conflicts. However, the cooperation between Brazil, Russia, India, China and South Africa goes beyond political aspects and is also demonstrated by dynamic trade and multiple projects in different areas. Today, in total, there are more than 20 formats of cooperation within the BRICS which are being developing. For example, in February the member-states came to an agreement about 11 possible projects of scientific and technical cooperation, from aeronautics to bio- and nanotechnology.

This strategy is known as the Financial Nuclear Option. It could lead to the end of the predatory looting system of Wall Street. The ‘Southern and Eastern partners’ Glazyev is talking about are clearly the members of the BRICS, Brazil, Russia, India, China, South Africa, the sane part of the world economy, the future. And it is  exactly  what the official spokesman of the Kremlin, Dmitry Peskov indicated in an interview to the BBC: “Sanctions against Russia could be the final trigger that will force many countries to create a new independent financial system based on the real economy. The world is changing rapidly. How many civilizations grew and died in the course of history? Who will be able to resist the pressure of dying systems and indicate to the people the road toward the future?”  The possibility of a new financial system independent from the collapsing dollar empire, as consequence of anti Russia sanctions was also emphasized by an authoritative the Russian media including  RT. (See:http://rt.com/op-edge/russia-switches-to-brics-sanctions-357/) …Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later.

(Reuters) - Major world powers have begun talks about a United Nations Security Council resolution to lift U.N. sanctions on Iran if a nuclear agreement is struck with Tehran, a step that could make it harder for the U.S. Congress to undo a deal, Western officials said. The talks between Britain, China, France, Russia and the United States — the five permanent members of the Security Council — plus Germany and Iran, are taking place ahead of difficult negotiations that resume next week over constricting Iran's nuclear ability.Some eight U.N. resolutions - four of them imposing sanctions - ban Iran from uranium enrichment and other sensitive atomic work and bar it from buying and selling atomic technology and anything linked to ballistic missiles. There is also a U.N. arms embargo.Iran sees their removal as crucial as U.N. measures are a legal basis for more stringent U.S. and European Union measures to be enforced. The U.S. and EU often cite violations of the U.N. ban on enrichment and other sensitive nuclear work as justification for imposing additional penalties on Iran.

U.S. Secretary of State John Kerry told Congress on Wednesday that an Iran nuclear deal would not be legally binding, meaning future U.S. presidents could decide not to implement it. That point was emphasized in an open letter by 47 Republican senators sent on Monday to Iran's leaders asserting any deal could be discarded once President Barack Obama leaves office in January 2017.But a Security Council resolution on a nuclear deal with Iran could be legally binding, say Western diplomatic officials. That could complicate and possibly undercut future attempts by Republicans in Washington to unravel an agreement.Iran and the six powers are aiming to complete the framework of a nuclear deal by the end of March, and achieve a full agreement by June 30, to curb Iran's most sensitive nuclear activities for at least 10 years in exchange for a gradual end to all sanctions on the Islamic Republic.So far, those talks have focused on separate U.S. and European Union sanctions on Iran's energy and financial sectors, which Tehran desperately wants removed. The sanctions question is a sticking point in the talks that resume next week in Lausanne, Switzerland, between Iran and the six powers.

But Western officials involved in the negotiations said they are also discussing elements to include in a draft resolution for the 15-nation Security Council to begin easing U.N. nuclear-related sanctions that have been in place since December 2006."If there's a nuclear deal, and that's still a big 'if', we'll want to move quickly on the U.N. sanctions issue," an official said, requesting anonymity.The negotiations are taking place at senior foreign ministry level at the six powers and Iran, and not at the United Nations in New York.

By Pepe Escobar September 30, 2018 4:36 PM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 History may one day rule this was the fateful geopolitical moment when the European Union clinched its PhD on foreign policy. Last week, EU foreign policy head Federica Mogherini and Iranian Foreign Minister Mohammad Javad Zarif, announced at the UN a “special purpose vehicle” (SPV) to deal with the Trump administration’s sanctions on Iran after the US unilaterally pulled out of the JCPOA,  also known as the Iran nuclear deal.

Mogherini crucially emphasized, “in practical terms, this will mean that EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world.” The SPV, which according to Mogherini “is aimed at keeping trade with Tehran flowing while the US sanctions are in place,” could be in effect before the second stage of US sanctions begin in early November. This single initiative means Brussels is attempting to position itself as a serious geopolitical player, openly defying the US and essentially nullifying the Iran demonization campaign launched by the White House, CIA and State Department.

It may have taken a few months, but the EU-3 have finally realized what Moscow and Beijing already knew: any business with Iran – which is in the interest of all players – must bypass the US dollar. So now we come to a situation where the EU-3 will set up a multinational, state-backed, financial mechanism to help European companies conduct business with Iran in euros – and thus away from US financial enforcers. In parallel, we will have Russia and China doing business with Iran in rubles and yuan.

The European Union could significantly scale back sanctions and resume discussions with Russia on issues from visa-free travel, cooperation with the Moscow-led Eurasian Economic Union and the crisis in Libya, Syria and Iraq if Russia moves to end the crisis in eastern Ukraine, according to an EU discussion paper. While insisting the EU cannot return to "business as usual" with Moscow, the paper suggests the EU consider gradually normalizing many aspects of its ties with Russia in what would be a significant shift in relations.

The paper, which hasn't yet been sent to member states, was prepared by the EU's foreign-policy arm ahead of a meeting of the bloc's foreign ministers in Brussels on Monday. No immediate decisions are expected from that meeting where the EU's medium-term approach to Russia is the main item on the agenda. EU energy chief Maros Sefcovic will visit Moscow on Wednesday for discussions with top officials from the government and the state gas company Gazprom.

with some signs that the situation in eastern Ukraine could stabilize--or at least not deteriorate--there have been growing calls to seek ways out of the stalemate. Within days of taking office, European Commission President Jean-Claude Juncker met with Russian President Vladimir Putin at the Group of 20 leaders meeting in Brisbane, Australia. EU foreign policy chief Federica Mogherini has said that she will visit Moscow in early 2015 and insisted dialogue must be maintained. The paper raises the question of whether the EU needs "a more proactive approach," including a series of possible trade-offs, to induce policy change from Russia. "Such a process would need to be selective and gradual, and commensurate with the degree to which Russia responds positively," the paper said.

Almost before the votes were counted in the recent Greek elections, battle lines were being drawn all over Europe. While Alexis Tsipras, the newly elected Prime Minister from Greece’s victorious Syriza Party, was telling voters, “Greece is leaving behind catastrophic austerity, fear and autocratic government,” Jens Weidmann, president of the German Bundesbank, was warning the new government not to “make promises it cannot keep and the country cannot afford.”   On Feb. 12 those two points of view will collide when European Union (EU) heads of state gather in Brussels. Whether the storm blowing out of Southern Europe proves an irresistible force, or the European Council an immovable object, is not clear, but whatever the outcome, the continent is not likely to be the same after that meeting.   The Jan 25 victory of Greece’s leftwing Syriza Party was, on one hand, a beacon for indebted countries like Spain, Portugal, Italy and Ireland. On the other, it is a gauntlet for Germany, the Netherlands, Finland, and the “troika”—the European Central bank, the European Commission, and the International Monetary Fund (IMF)—the designers and enforcers of loans and austerity policies that have inflicted a catastrophic economic and social crisis on tens of millions of Europeans.

The troika’s policies were billed as “bailouts” for countries mired in debt—one largely caused by the 2008 financial speculation bubble over which indebted countries had little control—and as a way to restart economic growth. In return for the loans, the EU and the troika demanded massive cutbacks in social services, huge layoffs, privatization of pubic resources, and higher taxes.   However, the “bailouts” did not go toward stimulating economies, but rather to repay creditors, mostly large European banks. Out of the $266 billion loaned to Greece, 89 percent went to investors. After five years under the troika formula, Greece was the most indebted country in Europe. Gross national product dropped 26 percent, unemployment topped 27 percent (and over 50 percent for young people), and one-third of the population lost their health care coverage.   Given a chance to finally vote on the austerity strategy, Greeks overwhelmingly rejected the parties that went along with the troika and elected Syriza.

Gerry Adams of Sinn Fein—now the third largest party in the Irish Republic—hailed the vote as opening “up the real prospect of democratic change, not just for the people of Greece, but for citizens right across the EU.” Unemployment in Ireland is 10.7 percent, and tens of thousands of jobless young people have been forced to emigrate.   The German Social Democrats are generally supportive of the troika, but the Green Party hailed the Syriza victory and Die Linke Party members marched with signs reading, “We start with Greece. We change Europe.”   Italian Prime Minister Matteo Renzi—who has his own issues with the EU’s rigid approach to debt—hailed the Greek elections, and top aide Sandro Gozi said that Rome was ready to work with Syriza. The jobless rate in Italy is 13.4 percent, but 40 percent among youth.

The European Union’s Foreign Policy Chief, Federica Mogherini, argued that the EU should improve its ties to Moscow and re-engage in diplomacy and trade as gradual steps to ease tensions and toward resolving the crisis in and about Ukraine. The EU’s Foreign Ministers will convene on January 19 to discuss the normalization of EU – Russian relations and relations between the EEU and the EU. Mogherini‘s statement followed one week after French President Francois Hollande made a similar statement on France-Inter which was drowned by the media spectacle created due to the attack on the French cartoon magazine Charlie Hebdo and related incident which occurred less than 48 hours after Hollande’s landmark statement.

Hollande stressed that the regime of sanctions against Moscow must end, and be disbanded as progress on Ukraine is being made within the Normandy Framework. That is, without direct participation of the United States and the UK. A meeting of EU foreign ministers on January 19 in Brussels will reportedly focus on a more positive approach toward Moscow and a more proactive approach with regard to solving the crisis in and about Ukraine. Mogherini said that taking into consideration a common aim of a free trade from Lisbon to Vladivosok, the EU should study the possibility of expanding trade with Russia as well as with the Eurasian Economic Union (EEU) which came into effect on January 1, 2015. Mogherini reportedly that: “There are significant interests on both sides, which may be conflicting but could serve as a basis for trade-offs and could imply a give and take approach.”

The EU Foreign Policy Chief also noted that the EU should consider reviewing joint efforts between the EU and Russia to solve problems pertaining Syria, Iraq, Libya, Iran, North Korea (DPRK) and Palestine. The Russian News agency Tass reports that Russian Prime Minister Dmitry Medvedev, for his part, stated at the Gaidar Economic Forum on Wednesday, that he hopes Moscow would be able to return relations with the European Union to normal soon. It is noteworthy that Hollande’s, during his statement on France-Inter, last week, stressed that Russian President Vladimir Putin had personally assured him that Moscow has no plans, whatsoever, to annex any part of Ukraine’s Donbass region. Russia does, however, consider the predominantly Russian-speaking regions in southern and eastern Ukraine as its sphere of interests and perceives NATO’s eastwards expansion as a threat to Russia’s security.

French President Francois Hollande says he wants Western sanctions on Russia to be lifted if progress is made in talks on the Ukraine conflict this month. He did not specify which sanctions - imposed by the EU, US and Canada - could be lifted. The sanctions began after Russia annexed Crimea in March. Mr Hollande said Russian President Vladimir Putin "doesn't want to annex eastern Ukraine - he told me that". Germany's vice-chancellor has warned against further sanctions on Russia.

There have been calls elsewhere in the EU for an easing or lifting of the sanctions on Russia, which have hit its banks, energy industry and arms manufacturers, as well as targeting powerful figures close to Mr Putin. Politicians in Italy, Hungary and Slovakia are among those who want the sanctions eased.

The new Greek government has picked its first fight with the European Union, delaying agreement on further EU sanctions against Russian-backed separatists in Ukraine. The move raised European and Nato fears that Moscow might seek to exploit the hard left and extreme right coalition under Alexis Tsipras as a Trojan horse within the key western alliances.

Before the foreign ministers’ meeting, the 28 EU ambassadors in Brussels met to draft the decisions to be discussed by the ministers. The Greek ambassador refused to agree to the key passage on sanctions – prolonging the blacklisting of 132 individuals and 28 “entities”, mainly in eastern Ukraine and Crimea.

Nikos Kotzias, the new Greek foreign minister, said Greece wanted to “prevent a rift” between Russia and the EU, although both sides have been in acute conflict for the past 10 months over Moscow’s assault on Ukraine. Kotzias was later quoted by Reuters as telling the meeting: “We are not against every sanction. We are in the mainstream, we are not the bad boys.”

At the EU summit in Brussels, Italy blocked the attempt to extend sanctions against Russia for one year. Rome was also against the extension of sanctions for alleged crimes committed by Russia in Syria. This was confirmed by the participants of the summit. "We had a discussion, which, fortunately, ended without considering the option that would be, in my opinion, erroneous. That is to respond to the situation in Syria and Aleppo with the EU sanctions against Russia", the Prime Minister of Italy, Paolo Gentiloni, said. He also added that most countries agreed with Italy that it would be a mistake to introduce new sanctions against Moscow in addition to those already imposed due to Russian aggression in Ukraine. Italy also was among the countries that opposed the proposal of Poland to keep the existing sanctions against Russia for a year rather than for six months. "Some of our colleagues have sought to extend the sanctions for 12 months, but in reality it was clear from the very beginning that it was still possible to maintain our current format," said the President of the European Council, Donald Tusk. Poland and some other countries were concerned that US president elect Donald Trump might try to ease the pressure on Russia after having taken office the next year. Tusk said it was still too early to say what the Trump’s policy will be.

The United Nations Security Council on Monday unanimously approved a resolution that creates the basis for international economic sanctions against Iran to be lifted, a move that incited a furious reaction in Israel and potentially sets up an angry showdown in Congress.The 15-to-0 vote for approval of the resolution — 104 pages long including annexes and lists — was written in Vienna by diplomats who negotiated a landmark pact last week that limits Iran’s nuclear capabilities in exchange for ending the sanctions.

The European Union also approved the Iran nuclear deal on Monday, putting in motion the lifting of its own sanctions, which include prohibitions on the purchase of Iranian oil. Europe will continue to prohibit the export of ballistic missile technology and sanctions related to human rights.

Diplomats have warned that if the United States Congress refuses to lift American penalties against Iran, the Iranians may renege on their commitments as well, which could result in a collapse of the entire deal.The resolution takes effect in 90 days, a time frame negotiated in Vienna to allow Congress, where members have expressed strong distrust of the agreement, to review it. President Obama, who has staked much of his foreign policy ambitions on the Iran pact, has vowed to veto a congressional rejection of the nuclear accord.The resolution will not completely lift all Council restrictions on Iran. It maintains an arms embargo, and sets up a panel to review the import of sensitive technology on a case-by-case basis.It also sets up a way to renew sanctions if Iran does not abide by its commitments. In the event of an unresolved dispute over Iran’s enrichment activities, the United Nations sanctions snap back automatically after 30 days. To avoid the sanctions renewal requires a vote of the Council — giving skeptics, namely the United States, an opportunity to veto it.

It has been a while since both Ukraine, and the ongoing Russian response to western sanctions (which set off the great Eurasian axis in motion, pushing China and Russia close together, and accelerating the "Holy Grail" gas deal between the two countries) have made headlines. It is still not clear just why the western media dropped Ukraine coverage like a hot potato, especially since the civil war in Ukraine's Donbas continues to rage and claim dozens of casualties on both sides. Perhaps the audience has simply gotten tired of hearing about mixed chess/checkers game between Putin vs Obama, and instead has reverted to reading the propaganda surrounding just as deadly events in the third war of Iraq in as many decades. However, "out of sight" may be just what Russia's political elite wants. In fact, as VoR's  Valentin Mândr??escu reports, while the great US spin and distraction machine is focused elsewhere, Russia is already preparing for the next steps. Which brings us to Putin advisor Sergey Glazyev, the same person who in early March was the first to suggest Russia dump US bonds and abandon the dollar in retaliation to US sanctions, a strategy which worked because even as the Kremlin has retained control over Crimea, western sanctions have magically halted (and not only that, but as the Russian central bank just reported, the country's 2014 current account surplus may be as high as $35 billion, up from $33 billion in 2013, and a far cry from some fabricated "$200+ billion" in Russian capital outflows which Mario Draghi was warning about recently). Glazyev was also the person instrumental in pushing the Kremlin to approach China and force the nat gas deal with Beijing which took place not necessarily at the most beneficial terms for Russia.

It is this same Glazyev who published an article in Russian Argumenty Nedeli, in which he outlined a plan for "undermining the economic strength of the US" in order to force Washington to stop the civil war in Ukraine. Glazyev believes that the only way of making the US give up its plans on starting a new cold war is to crash the dollar system. As summarized by VoR, in his article, published by Argumenty Nedeli, Putin's economic aide and the mastermind behind the Eurasian Economic Union, argues that Washington is trying to provoke a Russian military intervention in Ukraine, using the junta in Kiev as bait. If fulfilled, the plan will give Washington a number of important benefits. Firstly, it will allow the US to introduce new sanctions against Russia, writing off Moscow's portfolio of US Treasury bills. More important is that a new wave of sanctions will create a situation in which Russian companies won't be able to service their debts to European banks. According to Glazyev, the so-called "third phase" of sanctions against Russia will be a tremendous cost for the European Union. The total estimated losses will be higher than 1 trillion euros. Such losses will severely hurt the European economy, making the US the sole "safe haven" in the world. Harsh sanctions against Russia will also displace Gazprom from the European energy market, leaving it wide open for the much more expensive LNG from the US.

Co-opting European countries in a new arms race and military operations against Russia will increase American political influence in Europe and will help the US force the European Union to accept the American version of the Transatlantic Trade and Investment Partnership, a trade agreement that will basically transform the EU into a big economic colony of the US. Glazyev believes that igniting a new war in Europe will only bring benefits for America and only problems for the European Union. Washington has repeatedly used global and regional wars for the benefit of  the American economy and now the White House is trying to use the civil war in Ukraine as a pretext to repeat the old trick. Glazyev's set of countermeasures specifically targets the core strength of the US war machine, i.e. the Fed's printing press. Putin's advisor proposes the creation of a "broad anti-dollar alliance" of countries willing and able to drop the dollar from their international trade. Members of the alliance would also refrain from keeping the currency reserves in dollar-denominated instruments. Glazyev advocates treating positions in dollar-denominated instruments like holdings of junk securities and believes that regulators should require full collateralization of such holdings. An anti-dollar coalition would be the first step for the creation of an anti-war coalition that can help stop the US' aggression.

The US, for its part, penalized a dozen leading Russian conglomerates, including oil giant Rosneft, natural gas producer Novatek, Gazprombank and the weapons manufacturer Kalashnikov. From now on, they are forbidden from borrowing money from American monetary institutions and from issuing medium- and long-term debt to investors with ties to the US.

Even prior to the sanctions, the Russian economy had been struggling. Now, though, the Ukraine crisis is beginning to make itself felt in Germany as well. German industry's Committee on Eastern European Economic Relations believes that the crisis could endanger up to 25,000 jobs in Germany. Were a broad recession to befall Russia, German growth could sink by 0.5 percent, according to a Deutsche Bank study.

The most recent US sanctions, warns Eckhard Cordes, head of the Committee on Eastern European Economic Relations, have placed an additional strain "on the general investment climate." Particularly, he adds, because European companies have to conform to the American penalties.

(Reuters) - Iranian Supreme Leader Ayatollah Ali Khamenei on Thursday demanded that all sanctions on Iran be lifted at the same time as any final agreement with world powers on curbing Tehran's nuclear program is concluded. Khamenei, the Islamic Republic's most powerful figure and who has the last say on all state matters, was making his first comments on the interim deal reached between Iran and the powers last week in the Swiss city of Lausanne.He repeated his faith in President Hassan Rouhani's negotiating team. But in remarks apparently meant to keep hardline loyalists on side, he warned about the "devilish" intentions of the United States."I neither support nor oppose the deal. Everything is in the details, it may be that the deceptive other side wants to restrict us in the details," Khamenei said in a speech broadcast live on state television.His stand on the lifting of sanctions matched earlier comments by Rouhani, who said Iran would only sign a final nuclear accord if all measures imposed over its disputed atomic work are lifted on the same day.

These include nuclear-related United Nations resolutions as well as U.S. and EU nuclear-related economic sanctions."All sanctions should be removed when the deal is signed. If the sanctions removal depends on other processes, then why did we start the negotiations?" Khamenei said.However, the United States said on Monday sanctions would have to be phased out gradually under the comprehensive nuclear pact. France also said on Tuesday that many differences, including on sanctions, needed to be overcome if a final agreement was to be reached.

Europe has stumbled into a debate over the end of sanctions on the economically distressed Russia after French President Francois Hollande became the first major leader to dangle the prospect of easing the curbs. Hollande's appeal at a European Union summit Thursday was a reminder that the bans on financing of major Russian banks and the export of energy-exploration equipment will lapse next July unless renewed unanimously by the 28 EU governments. Hollande urged the EU to offer early "de-escalation" to reward expected peace overtures by Russian President Vladimir Putin in eastern Ukraine, while others including German Chancellor Angela Merkel put off sanctions relief until a settlement emerges.

"It will be very difficult to retain that unity among member states" when the sanctions are up for renewal, said Steven Blockmans, an analyst at the Centre for European Policy Studies in Brussels. "We might find the sanctions fizzling out when it comes to summer next year." European leaders papered over the controversy at the first summit chaired by new EU President Donald Tusk, who as Poland's prime minister had spearheaded moves to punish Russia for meddling with Ukraine. A communique said the bloc "will stay the course" and maintained the threat of "further steps if necessary."

The Obama administration’s sanctions against Russia, reluctantly supported by the Europeans, bite more deeply every day. But it is also clearer with each daily news report that Russians are not going to suffer alone.

The Obama administration’s sanctions against Russia, reluctantly supported by the Europeans, bite more deeply every day. But it is also clearer with each daily news report that Russians are not going to suffer alone.

Russia’s immediate neighbors and the Europeans will, too. And—not to be missed—so will the trans-Atlantic alliance that has served as the backbone of Western policy since the postwar order was established 70 years ago next spring.This president is intent on making history. But does he distinguish between good history and the other kind?

A fascinating nuclear/energy ballet involving Iran, Russia, the US and the EU is bound to determine much of what happens next in the new great game in Eurasia. Let’s start with what’s going on with the Iranian nuclear dossier.

As we stand, the gap between the US, Russia, China, Britain, France and Germany on one side, and Iran on the other side, remains very wide. Essentially, the gap that really matters is between Washington and Tehran. And that, unfortunately, translates as a few more months for the vast sabotage brigade – from US neo-cons and assorted warmongers to Israel and the House of Saud – to force the deal to collapse. One of Washington’s sabotage mantras is “breakout capability”; a dodgy concept which boils down to total centrifuge capacity/capability to produce enough enriched uranium for a single nuclear bomb. This implies an arbitrary limit on Iran’s capacity to enrich uranium. The other sabotage mantra forces Iran to shut down the whole of its uranium enrichment program, and on top of it negotiate on its missiles. That’s preposterous; missiles are part of conventional armed forces. Washington in this instance is changing the subject to missiles that might carry the nuclear warheads that Iran does not have. So they should also be banned. Moscow and Beijing see “breakout capability” for what it is; a manufactured issue. While Washington says it wants a deal, Moscow and Beijing do want a deal – stressing it can be respected via strict monitoring.

ranian Supreme Leader Ayatollah Khamenei has established his red line on the record, so there should be no misunderstanding; the final nuclear deal must preserve Tehran’s legitimate right to enrich uranium - on an industrial scale – as part of a long-term energy policy. This is what Iranian negotiators have been saying from the beginning. So shutting down uranium enrichment is a non-starter. Sanction me baby one more time Uranium enrichment, predictably, is the key to the riddle. As it stands, Tehran now has more than 19,000 installed enrichment centrifuges. Washington wants it reduced to a few thousand. Needless to add, Israel – which has over 200 nuclear warheads and the missiles to bomb Iran, the whole thing acquired through espionage and illegal arms deals – presses for zero enrichment. In parallel undercurrents, we still have the usual US/Israeli “experts” predicting that Iran can produce a bomb in two to three months while blasting Tehran for “roadblocks” defending its “illicit” nuclear program. At least US National Security Adviser Susan Rice has momentarily shut up.

The Syriza win in Greece has had everyone from Brussels to Mars wondering about a potential ‘Grexit’ from the euro zone, but there hasn’t been quite as much talk about what having Alexis Tsipras in power means for Russia. Until now. Now that he’s in, the wheels of thought have been turning rather furiously in the anti-Russia, pro-whatever-Washington-wants media circles and the consensus is broadly: Oh, dear. Greece could now turn into a real troublemaker for the European Union and, by extension, the US — and in more ways than one.

If Athens breaks with the Brussels line, watch out for Hungary and Slovakia to possibly do the same.

It’s also worth remembering that only weeks ago, French President Francois Hollande dangled the idea of lifting Russia sanctions if progress could be made in Ukraine. France does not want to “push Russia onto its knees,” he told Bild am Sonntag newspaper in December.