Iran considers options other than SPV: FM spox

Iran’s Foreign Ministry Spokesman Bahram Ghassemi said although we still hope that Europe will fulfill its obligations under JCPOA, Iran pursues different options with other countries like Russia, China, India and Turkey.

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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.

Iran-EU trade rises by more than 6% to hit €16.5bn in Jan-Oct 2018

Figures released by the European Union statistical office show the trade volume between Iran and the 28 European states rose 6.66% before Donald Trump withdrew the US from the 2015 nuclear deal and reimposed sanctions on the country.

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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.

Chair of European Parliament delegation on relations with Iran meets ICCIMA president

Finnish politician, Tarja Cronberg, who is on a visit to Iran, met with Iran private sector presdient, Gholam Hossein Shafei, in a bid to understand the current state of the affairs in Iran after the unilateral withdrawal of the US from the 2015 nculear deal and revival of sanctions. She also talked about the European financial channel, the so-called Special Purpose Vehicle (SPV).

Iran expects EU to speed up creation of SPV: Iran Chamber president

President of Iran Chamber of Commerce says his country has pinned high hopes on Europe’s financial channel with Iran, known as Special Purpose Vehicle (SPV), calling it the best solution for the problems caused by the restoration of US sanctions.

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.

7 European banks ready to work with Iran during sanctions: Zarif

Iranian Foreign Minister Mohammad Javad Zarif said that the central banks of seven European states are ready to work with Iran despite the impending U.S. sanctions, Tasnim news agency reported on Saturday.

Iran awaiting EU guarantees on oil, banking: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says the country is awaiting European guarantees on the sale of Iranian oil and banking relations.