Special-Purpose Vehicle (SPV)

Delay on Palermo review due to technical, not political reasons

TEHRAN, Jan. 26 (MNA) – The delay of Expediency Council's announcement on Palermo convention is due to technical reasons, not political, says Chairman of National Security and Foreign Policy Commission of Iranian Parliament Heshmatollah Falahatpisheh.
2019-01-26 14:15
EU’s series of allegations against Iran aimed at deserting JCPOA

TEHRAN, Jan. 26 (MNA) – A member of Parliament’s National Security Committee said Sat. that the chain of accusations levied by European countries against Iran is a gateway for them to escape their JCPOA-related commitments.
2019-01-26 10:43
EU to establish promised financial channel to Iran next Monday

TEHRAN, Jan. 25 (MNA) – European countries will formally establish their promised financial mechanism to continue business relations with Iran next Monday.
2019-01-25 10:54
French FM expects EU trade mechanism for Iran to be established in 'coming days'

TEHRAN, Jan. 24 (MNA) – The French Foreign Minister Jean-Yves Le Drian said Wed. that the EU-promised payment system to facilitate non-dollar trade with Iran under US sanctions should be established in the coming days.
2019-01-24 09:38
Tehran, Bern developing payment channel to bypass US sanctions

TEHRAN, Jan. 23 (MNA) – A special financial mechanism aimed at maintaining trade ties between Switzerland and Iran is ready for implementation, according to Sharif Nezam-Mafi, the head of the Iran-Switzerland joint chamber of commerce.
2019-01-23 14:13
Swiss envoy says efforts underway to launch payments channel for Iran

TEHRAN, Jan. 23 (MAN) – Swiss ambassador to Tehran said his country is pursuing plans to launch an alternative payments channel for Iran independent from the US dollar.
2019-01-23 10:19
NIOC to issue fixed rate bonds to finance projects

TEHRAN, Jan. 23 (MNA) – The National Iranian Oil Company (NIOC) is planning to issue $712 million (Rls. 30 trillion) in fixed rate bonds by the end of the current calendar year to March 20 in order to finance projects aimed at maintaining and enhancing production capacity of oil and gas fields.
2019-01-23 09:17
SPV does not have requisite mechanism to overcome US opposition: Entessar

TEHRAN, Jan. 23 (MNA) –Nader Entessar, professor emeritus of political science from university of South Alabama still insists that the SPV (Special Purpose Vehicle) is a hollow shell and does not have the requisite mechanism to overcome US opposition.
2019-01-23 00:10
Germany's representative may head EU’s payment system for Iran

TEHRAN, Jan. 22 (MNA) – 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.
2019-01-22 20:03
Talks with EU most likely to get nowhere: MP

TEHRAN, Jan. 22 (MNA) – A member of Parliament's National Security Committee said Tue. that Iran’s talks with the European Union for setting up the payment mechanism will most likely yield no result, saying the country needs to boost ties with neighbors in the meantime.
2019-01-22 10:41
France to host EU-promised legal entity to help Iran bypass US sanctions

TEHRAN, Jan. 21 (MNA) – France is likely to register a legal entity whose purpose would be hosting a financial channel to help Iran evade US sanctions, a diplomatic source told Russian Sputnik Mon.
2019-01-21 23:08
EU delay in implementing financial channel unacceptable: Kharrazi

TEHRAN, Jan. 19 (MNA) – The head of Iran’s Foreign Policy Strategic Council Kamal Kharrazi said Sat. the European Union’s delay in implementing the Special Purpose Vehicle (SPV) to continue trade with Iran despite US sanctions under the pretext of their incapability of convincing European companies is unacceptable.
2019-01-19 16:52
Rouhani has adopted ‘good’ decisions in response to EU measures: Veep

TEHRAN, Jan. 17 (MNA) – Iranian First Vice-President Es’hagh Jahangiri said that President Rouhani and Supreme National Security Council have arrived at good decisions in response to unconstructive interactions of European countries with Iran.
2019-01-17 15:27
EU failure to implement SPV could worsen current situation: Italian expert

TEHRAN, Jan. 17 (MNA) – Dr. Pastori Gianluca says US secondary sanctions are jeopardizing the JCPOA and the EU failure to offer a meaningful implementation of the SPV could only worsen this state of things.
2019-01-17 00:21
Russia doubts US-organized conf. in Poland will solve regional problems

TEHRAN, Jan. 16 (MNA) – Russian Foreign Minister Sergei Lavrov said his country has “big doubts” that the US-organized anti-Iran conference in Poland would solve the problems of the Middle East region.
2019-01-16 16:15
Iran calls on Europe to cut tariffs for Iranian goods down to zero

TEHRAN, Jan. 16 (MNA) – 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.
2019-01-16 10:43
Iran unaware when Europe launches financial channel

TEHRAN, Jan. 15 (MNA) – The Spokesman of Iranian Foreign Ministry Bahram Ghasemi said on Tuesday that Europe has not yet informed when it is going to launch the promised financial mechanism known as the Special Purpose Vehicle (SPV) in order to help Iran continue business under US pressures.
2019-01-15 20:17
Deputy oil min.:

EU’s trade mechanism to be set up soon despite US pressure

TEHRAN, Jan. 14 (MNA) – Deputy Oil Minister Zamaninia said Sun. that despite US pressure, the EU’s payment system aimed at facilitating trade with Iran will be set up soon.
2019-01-14 11:37
Not all EU members favor SPV: Shireen Hunter

TEHRAN, Jan. 13 (MNA) – Shireen Tahmaasb Hunter, a professor of Political Science at Georgetown University, tells the Tehran Times that “it was clear from the beginning that establishing a special and separate channel for commercial dealings between Iran and Europe would not be easy.”
2019-01-13 17:18
Europe's solutions to help Iran cannot be trusted: official

TEHRAN, Jan. 12 (MNA) – 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.
2019-01-12 22:59
German FM:

EU working ‘urgently’ to finalize payment channel for Iran

TEHRAN, Jan. 12 (MAN) – German Foreign Minister Heiko Maas said Fri. that the European Union is working “urgently” to clarify the final requirements for setting up a payment channel to facilitate trade with Iran in the face of US sanctions.
2019-01-12 09:42
Europe, intl. community to preserve JCPOA: Mogherini

TEHRAN, Jan. 11 (MNA) – The EU foreign policy chief has said that Europe and the international community will preserve the Iranian nuclear deal, adding that the United States is not allowed to make decisions over Europe’s legitimate trade with Iran.
2019-01-11 19:58
Romania to support EU, E3 efforts to implement SPV mechanism

TEHRAN, Jan. 08 (MNA) – Romania, which has assumed the presidency of the EU Council, has vowed to support and promote a financial mechanism that the EU has promised Iran to circumvent US sanctions.
2019-01-08 16:40
By: Martin Love

A random litany of potentially better news for Iran seen from 8000 miles

TEHRAN, Jan. 08 (MNA) – Iran is allegedly planning joint naval exercises with Russia in the Caspian Sea. The government in Kabul is said to be open to stronger ties and cooperation with Tehran. More countries are allegedly intending to keep open trade channels with Tehran, especially India and Pakistan, even if there’s no clear evidence yet of a European “Special Purposes Vehicle” to bypass US economic sanctions on Iran for trade purposes.
2019-01-08 16:13
EU’s trade mechanism for Iran to be set up “soon”: spox

TEHRAN, Jan. 08 (MNA) – 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.
2019-01-08 12:00
FM Zarif:

Iran ready to talk with India over gas price

TEHRAN, Jan. 08 (MNA) – 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.
2019-01-08 10:56
I do not think SPV covering wide areas of trade: Nephew

TEHRAN, Jan. 06 (MNA) – Richard Nephew, who served as the lead sanctions expert for the US team negotiating with Iran, is of the opinion that “I do think that there will be something called the SPV eventually created that facilitates trade between Europe and Iran, but I do not think it will be the same sort of SPV that was announced in September, covering wide areas of trade.”
2019-01-06 16:28
Europe needs to come to grips with JCPOA once for all: Fmr. Envoy

TEHRAN, Jan. 06 (MNA) – Former Iranian ambassador to Paris said Sun. that if Europe continues to use technical issues as an excuse to delay implementation of its trade mechanism with Iran, Tehran will see no reason to remain in the nuclear deal.
2019-01-06 13:41
Iran holds Europe responsible for not implementing SPV

TEHRAN, Jan. 05 (MNA) – The Spokesman of Iranian Foreign Ministry Bahram Ghasemi says that Iran will definitely hold Europe accountable for not putting the special financial mechanism into force.
2019-01-05 22:34
Senior MP:

Iran isn’t counting on ‘economic’ aspect of EU’s trade mechanism

TEHRAN, Jan. 02 (MNA) – A senior member of Parliament told MNA on Wed. that Iran is not counting on the ‘economic’ aspect of the EU’s promised trade mechanism that aimed to facilitate trade with Iran in the face of US sanctions.
2019-01-02 10:00