Friday, 24 September , 2021
Special-Purpose Vehicle (SPV) Archives - Iran News Daily
Iraq working on own SPV to pay off debts, continue imports from Iran 03 Jul 2019

Iraq working on own SPV to pay off debts, continue imports from Iran

Iraq is lining up a special purpose vehicle (SPV) of its own, a mirror European trade mechanism, to pay its arrears to Iran and to continue vital gas and electricity imports from the country under US sanctions.

Mirage named INSTEX; A review over European JCPOA: Report 02 Jul 2019

Mirage named INSTEX; A review over European JCPOA: Report

INSTEX (Instrument in Support of Trade Exchanges), does not guarantee sales of Iranian oil and is limited to trade of unsanctioned goods such as food and medicine.

‘Useless’ INSTEX cannot solve Iran’s economic problems: MP 30 Jun 2019

‘Useless’ INSTEX cannot solve Iran’s economic problems: MP

An Iranian lawmaker described the EU-proposed INSTEX as a ‘useless’ mechanism which cannot solve Iran’s economic problems.

Iran ‘serious’ about reducing JCPOA commitments: Kharrazi 23 Jun 2019

Iran ‘serious’ about reducing JCPOA commitments: Kharrazi

Head of Iran’s Foreign Policy Strategic Council Kamal Kharrazi said that Tehran is ‘serious’ about reducing its commitments to the nuclear deal if European countries fail to adopt necessary ‘practical’ measures by the 60-day deadline.

Hemmati lashes out at EU for ‘threadbare’ remarks over INSTEX 14 May 2019

Hemmati lashes out at EU for ‘threadbare’ remarks over INSTEX

Governor of the Central Bank of Iran criticized European countries for repeating ‘threadbare’ remarks over their promised trade mechanism for Iran (INSTEX) and their failure to make it operational.

Iran, E3 to discuss INSTEX in Tehran today 12 Mar 2019

Iran, E3 to discuss INSTEX in Tehran today

Tehran will be hosting on Tue. a fresh round of expert talks between Iranian experts and representatives from France, Germany, UK and EU about the implementation of the EU’s trade mechanism for Iran called INSTEX.

Don’t rely on ‘vicious’ EU package for resolving economic issues 04 Mar 2019
Leader to cabinet:

Don’t rely on ‘vicious’ EU package for resolving economic issues

Leader of the Islamic Revolution said that the Iranian government should not rely on European countries' proposed packages for solving internal economic problems.

INSTEX: EU assumes Iranians walking on banana leafs 19 Feb 2019

INSTEX: EU assumes Iranians walking on banana leafs

After months of delay and despite the 2015 commitments of European leaders towards the Iran nuclear deal, the so-called E-3 (Germany, France and the UK) registered the Instrument in Support of Trade Exchanges (INSTEX). However, this special purpose vehicle (SPV) has no engine or driver and doesn’t conform with the trade and investment promises made […]

Trade with Iran part of SPV payment mechanism 06 Feb 2019

Trade with Iran part of SPV payment mechanism

Expressing regret over the unilateral withdrawal of US administration from nuclear deal, European Union’s ambassador to the United States David O’Sullivan said trade and commerce with Iran is part and parcel of INSTEX. David O’Sullivan, the European Union’s ambassador to the United States, wraps up his time in Washington at the end of February. The […]

Danish pharmaceutical company ‘Novo Nordisk’ ready to resume coop. with Iran 06 Feb 2019

Danish pharmaceutical company ‘Novo Nordisk’ ready to resume coop. with Iran

 Danish multinational pharmaceutical company ‘Novo Nordisk’ has voiced readiness to resume its cooperation with Iran following the creation of EU’s trade mechanism to facilitate trade with Tehran in the face of US sanctions. The Iranian Ambassador to London, Hamid Baeidinejad, made the remark in a tweet on Tuesday, while referring to a report published by a […]