How Europe’s SPV Can Help Iran Fight Inflation

The author believes Tehran should welcome the creation of a possible special purpose vehicle by the EU because it will help bring in necessary commodities such as food and medicine that will lead to less inflation and will remove the burdon from the end users.

Germany says working out final requirements of SPV

Berlin authorities say one of the details is which country will be the headquarters of the financial channel to do trade with Iran in the face of unilateral US sanctions.

Europe to continue work on SPV in 2019: Mogherini

It was supposed to be put into place by the end of 2018, however it did not come through. Now, the head of the continent foreign policy is promising to keep working on that this year.

With financial channels stifled, Iranian citizens pay sanctions price

The US unilaterally walked out of the Iran nuclear deal and reimposed sanctions that target the oil and banking sectors. Washington says humanitarian goods, such as food, are exempt from the measures. But, the situation on the ground shows the otherwise. Ordinary Iranians are being affected the most.

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Swiss companies refuse Iran trade out of fear of US retaliation

Iran-Switzerland Joint Chamber of Commerce President, Sharif Nezam-Mafi says US sanctions have hindered the flow of vital medicine into the country, leading to a shortage of much-needed cancer drugs, especially for kids. He says Swiss companies do not deal with Iran out of fear of retaliatory US measures.

‘Swiss payment channel with Iran could be in place by mid-January’

European countries have been trying to create a legal financial mechanism to keep up trade with Iran after Donald Trump Administration withdrew the US from the 2015 nuclear deal in May.

German exports to Iran up despite US sanctions

Germany Small and Medium-sized companies, also known as the Mittelstand, are leading the exports to Iran despite the restoration of US sanctions in November.

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SPV to benefit SMEs, food and medicine trade: European Parliament rep

Chair of the European Parliament Delegation on Relations with Iran, Tarja Cronberg, who is visiting the country, says Europes financial mechanism to continue commerce with Tehran, would be used as a channel where humanitarian trade could come through without any hurdle.

EU-Iran trade vehicle could be ready by year-end: Mogherini

Rushing to keep its end of the bargain by the years end, the European Union says its getting closer to putting in place a Special Purpose Vehicle (SPV) to make sure Iran keeps benefiting from the nuclear deal, signed in 2015 but ditched by the US unilaterally this May.