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until the loan notes are cleared, forget it

https://www.rt.com/business/426856-europe-to-ditch-us-dollar/ Wow! Europe means business.

Think there will be more airlines from SL before too long from what I can gather

They are lining things up Ian me thinks.

from 5 minutes in http://ec.europa.eu/avservices/video/player.cfm?ref=I155418&lg=INT&sublg=none

300k buy from someone

totalle amaze*******s happen this unbelievabubble pf waster devil curse man, good luk alle

I can smell a rollover

I am just being conservative. We are in peak shitstorm atm, US testing everyones' resolve. Quite a lot of finessing and face saving to follow. It wont happen in a few days and then the detail of sanctions and exemptions will materialise. Then the supply chain know what they are dealing with and can make decisions. It's a process, it'll take time.

We need to see what sanctions will be applied and what the exemptions will be. WSG business does not break the pre 2015 sanctions. Nor does the supply chain or the financing. The unknowns need to be clarified. They are simple. What are the new level of sanctions. Lots of rhetoric swirling around now. There is no way the sanctions will be as strong as in the past because the other partners to the agreement are fighting to preserve it. The US are on their own this time. Still powerful because of their grip on the financial system and the banking system in particular. This is why WSG are financing the project via Germany. Germany have been doing business with Iran right through the sanctions period. Plenty of business did not fall under the sanctions umbrella. A number of German banks are happy to provide banking services to companies that do business in Iran because their exposure to US markets is limited. May has already talked to Trump about exempting UK businesses that are doing business in Iran. Civil servant talks between the two sides will take place shortly. The Europeans, Russians and Chinese are al kicking back at the US stance. Watch out for the Foreign Ministers meeting in Brussels tomorrow. I expect a unity statement to follow. So, 1/. WSG comply already to the pre 2015 sanctions 2/. The UK government is campaigning for exemptions and I am sure what WSG provides will be in the mix of that haggle. 3/. Lots of fight back/kick back from EU and China and Russia 4/. We have been working hand in glove with HGM to make sure we are compliant 5/. We are v well politically connected. Once the unknowns are known , the suppliers will know if they can follow through and do business with WSG/IRAN or we have to find alternative suppliers. I think the politics will become clearer this week and the detail will get resolved over the coming months. To me it looks like a 3-6 month process but WTFDIK

ways means trust pole barge words order confused 10p yoghurt and thats my final word on the subject you can blog my read and incoherent.com

gige, still as dumb as ever.

With the termination of EU nuclear related financial and economic sanctions, and the suspension of US nuclear related secondary financial and economic sanctions, UKEF has reintroduced cover for Iran in Pounds Sterling and Euros. This is on a case-by-case basis, and allows for contracts of material size (hundreds of millions). UKEF will also consider applications for direct lending.

https://www.standard.co.uk/news/politics/theresa-may-tells-donald-trump-she-is-firmly-committed-to-iran-nuclear-deal-after-us-withdrawal-a3837171.html Remember the steel tariffs introduced by big mouth Trump, remember how the UK and the Europeans complained and then we got exemptions. The USA needs to keep its European allies on board. All leaders in Europe have cried foul re the US withdrawing from the Iran deal. May's team will meet with Trump's team and negotiate exemptions. From all my communications /research I gather that WSG has spent 2 years getting the Iran contract to this stage. Endless compliance issues, funding issues, Iranian bureaucracy had to be dealt with. Hence HMG involvement at highest levels, the german subsidiary (banking and supplies). WSG are at the forefront of doing serious business with Iran. A real coup for a UK company in a post Brexit world. The deal was signed before Trump's announcement. THeresa May is crying fowl and demanding exemptions. I think we should be OK, it'll just take a few months but what a prize.

Yes, they have been working hand in glove with HMG to make sure they abide all the rules

One is Europe is telling trump to sod off. They wont get the same level of compliance with the sanctions as last time. We have set up a supply and finance system that complies with the old sanctions. Looks like, aka the trade tariff fiasco of a few months ago, that there will be exemptions. Interesting if you read the news flow atm. Last night May talked with Trump specifically about British companies doing business with Iran. I gather that WSG is one of if not the closest UK company in the process of securing trade with Iran. We are v well connected with HMG, having worked hand in glove with them the past two years to ensure compliance. I am sure the meetings which will follow between UK/USA civil servants will yield results.

not HSBC

don't worry about gige, he is a well known areshole!

back into the shed this morning, good luck chaps, I'm going in. All eyes should be looking at exactly the USA ends up doing once the bluster and bravado settles down. All eyes should watch what happens with the other five countries that are meeting with the Iranian foreign minister this week in London. I guess it is pretty clear now why they set up subsidiaries in Germany.

I'm never going to clean it again!