asdasdasdasdasdasdasdasdasdasd
All tagged SPV
◢ Iran hopes to have its part of a new payments vehicle—devised to bypass US sanctions—ready within a fortnight, its Deputy Foreign Minister Abbas Araghchi said on Wednesday. "We hope it will be before the end of the Iranian calendar year," Araghchi told reporters in Vienna, referring to March 20 when the Iranian year ends.
◢ Iran on Tuesday ruled out linkage between a new EU mechanism to trade with Tehran bypassing US sanctions and an anti-money laundering bill. “Linking implementation of this mechanism... with the requirements of institutions such as the FATF is unacceptable," the foreign ministry said, referring to the international Financial Action Task Force.
◢ The EU warned Tehran over its ballistic missile program and interference in the Syria conflict Monday, while welcoming a new mechanism to trade with Iran while bypassing US sanctions. In a long-awaited statement on Iran that has been the subject of more than a week of wrangling in Brussels, the EU restated its commitment to saving the 2015 nuclear deal with Iran and took aim at Washington for abandoning the pact and reimposing sanctions.
◢ Tehran on Thursday cautiously welcomed as a "first step" the expected launch of an EU trade entity aimed at saving Iran's nuclear deal by bypassing US sanctions. The special payment mechanism "is the first step within the set of commitments the Europeans have made to Iran which I hope will be fully implemented and not be incomplete," said deputy foreign minister Abbas Araghchi, according to state news agency IRNA.
◢ Britain, France and Germany will launch a special payment mechanism Thursday that the EU hopes will help save the Iran nuclear deal by bypassing US sanctions, European sources told AFP. The entity, to be registered in France with German governance and finance from all three countries, will allow Iran to trade with EU companies despite Washington reimposing sanctions after President Donald Trump pulled out of the 2015 accord.
◢ A payment mechanism the EU hopes will save the Iran nuclear deal by bypassing US sanctions is ready, diplomats said Monday, but is held up by disagreements among European countries. The "Special Purpose Vehicle" is being put together by Germany, France and Britain, the European signatories to the 2015 accord that curbed Tehran's nuclear ambitions in return for sanctions reilef.
◢ Iran will boost trade with India as the European Union struggles to find a way to circumvent a fresh US embargo on Tehran, Iranian Foreign Minister Javad Zarif said Tuesday. Brussels is working on a payment mechanism to keep financial transactions flowing with Iran, after the US ditched the 2015 nuclear deal with Tehran earlier this year and reintroduced a raft of sanctions on the country.
◢ Cuba hopes a special payment system the EU is creating to get round US sanctions on Iran will help it sidestep its own Washington-imposed trade embargo, a senior official told AFP on Monday. Brussels is working on a "special purpose vehicle" (SPV)—a system for clearing payments to Iran—-as it seeks to keep trade flowing despite Washington reimposing sanctions after ditching the 2015 nuclear deal with Tehran.
◢ Austria has rejected hosting a special payment system designed to help EU countries trade with Iran despite US sanctions, the Austrian foreign ministry said Tuesday. "We were asked if Austria would be prepared in principle to host this special purpose vehicle," foreign ministry spokesman Peter Guschelbauer said.
◢ The EU effort to save the Iran nuclear accord by building a mechanism to buy Tehran's oil despite the return of US sanctions has run into difficulty. Brussels supports the deal struck in 2015 to curb Iran's nuclear ambitions, which was dealt a blow in May when the US President Donald Trump pulled out. But Washington has announced the reimposition of broad sanctions from November 4, including on Iran's oil sector, scaring off European traders.
◢ US Secretary of State Mike Pompeo denounced Tuesday a European Union plan to set up a way to preserve business with Iran and avoid renewed American sanctions. Addressing the United Against a Nuclear Iran pressure group being held near the annual UN General Assembly, Pompeo said he was "disturbed and indeed deeply disappointed" by Monday's announcement from remaining members of an international nuclear deal.
◢ The European Union said Monday its members would set up a payment system to allow oil companies and businesses to continue trading with Iran in a bid to evade sanctions after the US withdrew from a nuclear agreement. Iran and the European Union announced their defiance towards US President Donald Trump's administration after high-level talks at the United Nations among the remaining members of the accord.
