A representative of Germany may become the head of the Special Purpose Vehicle (SPV) that Europe is preparing to conduct transactions with Iran bypassing US sanctions, a source in the EU institutions told Sputnik Tuesday. A representative of Germany may become the head of the Special Purpose Vehicle(SPV) that Europe is preparing to conduct transactions with Iran bypassing US sanctions, a source […]

 Ayatollah Ahmad Jannati, chief of Iran’s Assembly of Experts, says the Europeans are worse than the Americans in trying to deprive Iran of the benefits of the 2015 nuclear deal, aka the Joint Comprehensive Plan of Action (JCPOA), advising officials not to fall for them. “Some imagine they could rely on the Europeans when America […]

 An official at the Trade Promotion Organization of Iran has called on Europe to cut down to zero the tariffs imposed on the import of Iranian goods, saying the move would send a message that Europe is serious about expanding trade with Iran. The acting head of the Trade Promotion Organization of Iran (TPO) Mohammadreza […]

Mohammadreza Pourebrahimi, the head of the economic committee of the Iranian parliament, has said that the parliament will ask Zarif questions if the special purpose vehicle (SPV) is not implemented in future weeks. “The Europeans had promised to implement this financial mechanism by the end of 2018. Unfortunately, they did not fulfil their promise,” he […]

 Head of Iran’s Passive Defense Organization Brigadier General Gholamreza Jalali said that Europe cannot be trusted, adding the European countries side with the US in pressuring Iran. “Through announcing their efforts to preserve the JCPOA, Europeans both wanted to keep the nuclear deal alive and pave the way for the US sanctions, and today we see […]

 European Union’s spokesperson said Mon. that the bloc is still working on setting up a payment mechanism to facilitate trade with Iran and bypass US sanctions. “Actually, this is the work that is carried out by the (EU) member states. And according to the information that we have, the work is continuing and advancing well,” Maja […]

 Iranian Foreign Minister Mohammad Javad Zarif said that the Islamic Republic of Iran is ready to start negotiations with Indian officials regarding the price of gas delivered to Indian firms in Chabahar port. Iran is ready for talks with India so that Indian firms can start investing in Chabahar Port, and especially in petrochemical Industries, […]

Iranian Foreign Ministry Spokesman Bahram Ghasemi denied any knowledge of conditions set by Europe for launching a special mechanism to allow Iran to trade with European countries, despite US sanctions. In an interview on Sunday, Bahram Ghasemi expressed regret that Europe’s proposed Special Purpose Vehicle (SPV) has not become operational due to “limitless American” pressure […]

Switzerland is close to launching a payments channel to let companies sell food, medicine, and medical devices to Iran in the face of US sanctions. According to the Financial Times, the Swiss initiative has US approval and rivals EU’s promised trade mechanism that is said to bypass US sanctions against Iran. According to the report, Bern’s […]

Foreign Ministry Spokesman Ghasemi said Mon. that the EU-Iran trade mechanism, aimed at bypassing US sanctions against Tehran, is not restricted to transactions regarding medicine and food products. Bahram Ghasemi made the remark in his weekly press conference on Monday in response to a question about the credibility of the claims that the the Iran-EU […]