Switzerland defies US, EU ban on Iran oil

July 9, 2012 By 6 Comments

The Swiss have decided to defy the US Iranian oil sanctions, and will continue to purchase Iranian crude.
We don’t see Obama/Clinton locking the Swiss out of the SWIFT system, meaning the administration’s SNAFU known as the Iranian Oil Embargo just got worse.

Switzerland will continue to purchase Iranian oil in defiance of the European Union sanctions on the Islamic Republic that came into effect on July 1.

The Swiss Federal Department of Economic Affairs stated that Switzerland will not join the oil embargo against Iran, despite pressure from the United States and the EU, IRNA reported on Friday.

Switzerland says that any decision on the import, sale, and transport of Iranian crude oil and petrochemical products and their insurance coverage should be made by the parties to the trade themselves.

In response to a question by the Swiss news agency SDA/ATS, a Swiss Foreign Ministry spokesman said that Switzerland wants to maintain good relations with Iran.
Read more:


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Comments

  1. Avatar of Luigi Luigi says:
    July 9, 2012 at 10:54 AM

    Maybe you Americans should invade this Bitch?

  2. Avatar of swissie swissie says:
    July 9, 2012 at 11:42 AM

    Just try, snipers all over. ( Joke)
    Embargos never worked, and never will.

  3. Avatar of NetRanger808 NetRanger808 says:
    July 9, 2012 at 11:53 AM

    Read entire story.http://narconews.com/casablanca1.html

  4. Avatar of Argyrion Argyrion says:
    July 9, 2012 at 1:52 PM

    The credibility of empire is crumbling

  5. Avatar of ricin3000 ricin3000 says:
    July 9, 2012 at 8:02 PM

    Smells like a SWIFT backdoor for any and all who are to comply with the embargo but since they already belong to the Frauds-R-Us gang, heck why not. Laundering hole for the TBTF.

    Just when they moved all that to Tel Aviv, now it’s back to Zurich :-)

  6. Avatar of DickBirdhouse DickBirdhouse says:
    July 10, 2012 at 6:37 AM

    But….but….but..Iran cant sell its oil…I read it here.

    http://money.cnn.com/2012/07/10/news/economy/Iran-oil/index.htm?iid=HP_LN

    JUST today…CNN money wouldn’t LIE to me would they?   *GASP*…*SHOCK*…*FAINT*

    -Dick

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