tag SPV

Iran, Armenia to Enhance Transactions via EEU Deal

EghtesadOnline: Iran and Armenia discussed the possibility of establishing a special-purpose vehicle for conducting trade between the two neighboring countries.
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Publish Date:27/November/2019 | 10:28

SPV Delay to Inflict Bigger Economic Cost

EghtesadOnline: The Special Purpose Vehicle, a dedicated non-dollar payment channel created by Europe to keep trade flowing with Iran in defiance of US sanctions, is likely to be launched soon.
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Publish Date:16/December/2018 | 13:09

Iran Commerce Chamber Urges Speedy Implementation of SPV

EghtesadOnline: Iran-Finland relations vis-a-vis US sanctions regime, cooperation between the Iranian and European small- and medium-sized enterprises, the Joint Comprehensive Plan of Action and a planned special purpose vehicle ( SPV ) were the main topics discussed by a European delegation in Tehran.
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Publish Date:15/December/2018 | 10:58

Erdogan: Turkey Ready to Launch Own SPV for Iran

EghtesadOnline: Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue with their "legitimate" business amid the hostile US sanctions.
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Publish Date:16/February/2019 | 11:32

Progress on EU’s Trade Vehicle Can Keep Mutual Trust Alive

EghtesadOnline: Iran’s nuclear chief says progress in efforts by the European Union to facilitate trade with the country despite US sanctions would be an “encouraging” sign that can help keep the trust between Tehran and Europe alive.
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Publish Date:28/January/2019 | 13:51

EU Will Unveil SPV on Monday

EghtesadOnline: The European Commission said it’s seeking to launch “very soon” a special purpose vehicle to help European companies bypass US sanctions on Iran, with three European diplomats saying the official unveiling could come as early as Monday.
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Publish Date:26/January/2019 | 08:54

Traders Fear Europe's SPV May Not Fend Off US Sanctions on Iran

EghtesadOnline: As Iranian traders (and more broadly Europeans) wait for the launch of the long-awaited special purpose vehicle by European powers, some businesses fear that the trade mechanism may after all fail to shield Iran’s trade from the long reach of US sanctions.
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Publish Date:16/January/2019 | 13:04

Hope on SPV Has Not Faded Away

EghtesadOnline: Iran is displeased with the European Union for its delay in launching a financial payment channel to circumvent the United States sanctions, but has not yet completely lost hope of the plan’s eventual implementation, a senior diplomat said.
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Publish Date:15/January/2019 | 14:55

EU: Work on SPV Advancing Well

EghtesadOnline: The European Union says work is continuing to set up a special payment mechanism to facilitate trade with Iran and sidestep US sanctions against Tehran.
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Publish Date:09/January/2019 | 24:29

Europe Must Consider Consequences of SPV Failure

EghtesadOnline: As the main party to blame for the possible failure of efforts to set up a special financial mechanism for trading with Iran, Europe will have to ponder over the implications of its inaction, a senior foreign affairs official said.
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Publish Date:07/January/2019 | 09:43

EU-Iran Trade Vehicle Could Be Ready by Yearend

EghtesadOnline: The European Union’s foreign policy chief said on Monday a system to facilitate non-dollar trade with Iran and circumvent US sanctions could be in place by the yearend.
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Publish Date:12/December/2018 | 10:27

Zarif: Oil Sales Linchpin of Europe’s SPV

EghtesadOnline: Oil trade is the cornerstone of Europe’s financial mechanism to maintain business ties with Iran and the system cannot operate without covering the sale of Iranian crude, Foreign Minister Mohammed Javad Zarif said.
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Publish Date:05/December/2018 | 13:36

SPV Operationalization "to Take Months" After Nov. 4 Unveiling

EghtesadOnline: A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational until early next year, three diplomats said.
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Publish Date:27/October/2018 | 09:35