Iran: SPV Not Just about Supplying Food, Medicine
TEHRAN (Tasnim) – Iran’s Foreign Ministry spokesman said a special purpose vehicle (SPV) that the European Union has developed to save the 2015 Iran nuclear deal is not only about supplying medicine and foodstuff to Iran.
Speaking at a weekly press conference in Tehran on Monday, Bahram Qassemi said the financial mechanism which the EU has devised to facilitate trade with Iran includes a variety of items.
The SPV is aimed at meeting Iran’s demands for various imported articles in a new way, the spokesman said, adding that the mechanism would not be launched only to address needs for medicine and foodstuff.
EU countries led by France, Germany and Britain -signatories to the 2015 Iran nuclear deal- want to enable non-US trade with Iran to continue in defiance of Washington.
The EU has devised the SPV to continue trade with Iran and neutralize the US sanctions against Tehran.
On May 8, US President Donald Trump pulled his country out of the JCPOA, which was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).
