SPV
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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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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…
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Switzerland Wants ‘Everybody on Board’ For Iran Payment Channel
EghtesadOnline: The Swiss government is moving ahead with plans to unveil a humanitarian payment channel for Iran through complex negotiations with different parties in Iran, the US and Switzerland.…
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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…
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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…
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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…
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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…
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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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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…
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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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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…
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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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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…
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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…