Top MP: EU has lost Iranians’ trust for SPV delay
Top MP: EU has lost Iranians’ trust for SPV delay

Kazem Jalali, chairman of the Parliament Research Center, said on Saturday that Europe has lost the Iranian nation’s trust owing to the prolonged delay in establishing the special purpose vehicle (SPV), which is aimed to keep trade flowing with Iran. Jalali said, “Unfortunately, we have not heard any particular news regarding the operation and implementation […]

Kazem Jalali, chairman of the Parliament Research Center, said on Saturday that Europe has lost the Iranian nation’s trust owing to the prolonged delay in establishing the special purpose vehicle (SPV), which is aimed to keep trade flowing with Iran.

Jalali said, “Unfortunately, we have not heard any particular news regarding the operation and implementation of the so-called SPV to facilitate trade with Iran,” Mehr reported.

The Europeans have had enough time to put the mechanism in place, but they have not yet fulfilled their obligations seven months after America’s unilateral withdrawal from the nuclear deal, he lamented.