Special-Purpose Vehicle (SPV)

12th ‘Mehr Vision’ addresses EU's SPV, Khoshoggi case, regional issues

TEHRAN, Jan. 01 (MNA) – Mehr News English Service has published the 12th edition of ‘Mehr Vision,’ a monthly review of news and analyses of Iran and the region.

Ghasemi denies knowledge of European 'preconditions' for SPV trade mechanism

TEHRAN, Dec. 31 (MNA) – 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.

FM  Zarif:

US would have to resort to chaotic policies to stop Iran’s oil exports

TEHRAN, Dec. 29 (MNA) – Iranian Foreign Minister Zarif said the US would have to resort to policies that would drag the world into a chaotic state if it tried to actually shut down Iran’s oil exports.

Rezaei says EU-promised SPV to only meet food, medical needs

TEHRAN, Dec. 21 (MNA) – The Secretary of Iran's Expediency Council Mohsen Rezaei believes that the financial mechanism that the EU has promised Iran to continue trade under US sanctions will only meet needs for medicine and foodstuff.

Swiss-initiated payments channel for Iran ready for launch: report

TEHRAN, Dec. 19 (MNA) – 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.

SPV may be established at a European judicial institution: MP

TEHRAN, Dec. 19 (MNA) – A senior Iranian lawmaker told MNA on Wed. about a new proposal for the activation of Iran-EU’s trade mechanism, saying the SPV may be established at a judicial institution in a European country.

Kharrazi:

EU to sustain loss if it fails to live up to JCPOA commitments

TEHRAN, Dec. 18 (MNA) – Head of Iran's Foreign Policy Strategic Council Kamal Kharrazi says if the Europeans do not live up to their promises under the JCPOA, including the trade mechanism, they will be the ones to sustain loss.

FM spox rejects claims of SPV only covering humanitarian products

TEHRAN, Dec. 17 (MNA) – 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.

Delays in implementing SPV distorts Iran's public trust in Europe

TEHRAN, Dec. 15 (MNA) – Head of Iranian Parliament's Research Center Kazem Jalali, said that “Special Purpose Vehicle” (SPV) has not yet started operating, adding "owing to prolonged delays in the operation of EU's trade mechanism, Iran's public trust in Europe has been distorted."

Delay in establishing SPV due to its newness: official

TEHRAN, Dec. 13 (MNA) – Developing the Special-Purpose Vehicle (SPV) is a new experience both for European Union and Iran and this newness has led to some delays in its establishment, said Tarja Cronberg on Thursday.

Amir-Abdollahian:

EU’s promised SPV needs practical measures to be put in place

TEHRAN, Dec. 12 (MNA) – Iranian parliamentary official Amir-Abdollahian said the EU’s positive signals that their trade mechanism to facilitate non-dollar transactions with Iran would be launched by year-end needs “practical measures”.

EU foreign ministers to discuss Iran SPV in Brussels

TEHRAN, Dec. 10 (MNA) – The European Union Foreign Policy Chief Federica Mogherini says that today’s meeting by EU foreign ministers in Brussels will include issues related to US’ unilateral sanctions on Iran and the financial mechanism promised to help Tehran bypass the sanctions.

Russian envoy:

Trading with national currencies a major step to counter US sanctions

TEHRAN, Dec. 09 (MNA) – Russian Ambassador to Iran Levan Dzhagaryan said that trading between Iran and Russia with national currencies is a key step to counter the unilateral sanctions of the United States.

Germany, France reportedly agree on hosting Iran-EU trade mechanism

TEHRAN, Dec. 09 (MNA) – France and Germany have agreed on hosting a Special Purpose Vehicle to keep trade between Iran and the European Union alive, a German weekly has cited diplomatic circles as confirming.

AEOI chief:

EU's trade mechanism hopefully to be launched by year end

TEHRAN, Dec. 06 (MNA) – Iran's nuclear chief Ali-Akbar Salehi said Thu. that Europe’s promised trade mechanism aimed at facilitating trade with Iran in the face of US sanctions will hopefully come into effect by the end of December.

Zarif says Iran-EU trade mechanism will cover oil sales

TEHRAN, Dec. 04 (MNA) – Iranian Foreign Minister Zarif rejected Reuters’ speculations that the EU-Iran trade mechanism, aimed at bypassing US sanctions against Tehran, would not cover oil sales.

Deputy FM Araghchi:

JCPOA participants planning to make up for US withdrawal

TEHRAN, Dec. 03 (MNA) – Iran’s Deputy Foreign Minister for Political Affairs Abbas Araghchi has said that the JCPOA participants are planning to compensate for the US withdrawal, adding that they are trying to design operational solutions.

Larijani says EU has not implemented practical measures to save JCPOA

TEHRAN, Dec. 03 (MNA) – Iranian Parliament Speaker Ali Larijani said that European countries insisted on Iran’s remaining in the JCPOA but they have not still adopted practical measures to save the deal.

FM spox:

US pressure has delayed execution of Iran-EU’s trade mechanism

TEHRAN, Dec. 03 (MNA) – Foreign Ministry Spokesman Bahram Ghasemi said Mon. that the delay in the execution of Iran-EU’s trade mechanism is due to too much pressure exerted by US on European countries.

Putin urges to do all possible to keep JCPOA in force

TEHRAN, Dec. 01 (MNA) – Russian President Vladimir Putin said that it is necessary to do everything possible to keep the Joint Comprehensive Plan of Action (JCPOA) in force.

Deputy FM Araghchi:

Europe working on new initiatives to save JCPOA

TEHRAN, Nov. 30 (MNA) – Iran’s Deputy Foreign Minister for Political Affairs Abbas Araghchi says European countries have proposed new initiatives with respect to a special financial mechanism they have promised to facilitate trade with Iran in the face of US sanctions.

Europe hopes Iran SPV for trade be in place soon

TEHRAN, Nov. 29 (MNA) – Belgian Deputy Foreign Minister Bruno van der Pluijm said that the European countries would be able to soon develop a special mechanism for saving the deal.

EU reiterates commitment to Iran nuclear deal: Mogherini

TEHRAN, Nov. 28 (MNA) –Iran’s Foreign Minister Mohammad Javad Zarif met and held talks with European Union Foreign Policy Chief Federica Mogherini in Geneva on Wednesday.

Iran urges EU to put SPV in place 'before it's too late'

TEHRAN, Nov. 27 (MNA) – Iranian vice president and nuclear chief, Ali Akbar Salehi, has urged the European Union to set up the special mechanism to facilitate trade with Iran "before time runs out."

France, Germany likely to host Europe-Iran payment channel

TEHRAN, Nov. 27 (MNA) – Either France or Germany might become the host nation for the European clearing house, usually referred to as a Special Vehicle Purpose (SPV) — a payment mechanism that would allow European companies to bypass US-imposed sanctions on Iran.

JCPOA in a difficult condition, says Iranian deputy foreign min.

TEHRAN, Nov. 27 (MNA) – Iranian Foreign Minister for Political Affairs, Abbas Araghchi says that Iran’s economic interests in the JCPOA have not been realized yet, warning that the deal has been put in a difficult situation.

Iran, Russia envoys discuss JCPOA, SPV, US sanctions

TEHRAN, Nov. 23 (MNA) – Iranian Ambassador to Russia Mehdi Sanaei met with EU Ambassador to Russia Markus Ederer, discussing the cooperation in the framework of the JCPOA.

Iranian, French diplomats hold talks in Tehran

TEHRAN, Nov. 22 (MNA) – Political Director of the French Foreign Ministry Nicolas de Riviere, who is in Tehran for a fresh round of political talks between Iran and France, held talks with Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araghchi on Wednesday.

Work continues on SPV to bypass US sanctions against Iran: Mogherini

TEHRAN, Nov. 20 (MNA) – EU foreign policy chief Federica Mogherini said on Monday that the date of creation of the EU Special Purpose Vehicle (SPV) for bypassing the US sanctions on Iran was still unknown but the work was being carried out in a positive manner.

EU has difficulty finding host for Iran trade mechanism: Zarif

TEHRAN, Nov. 20 (MNA) – Foreign Minister Zarif said Iran cannot continue with JCPOA without receiving its economic benefits, adding that EU is having some difficulty with finding a country to host a special mechanism to trade with Iran in face of US sanctions.