Bloomberg – The European Commission said it’s seeking to launch “very soon” a special purpose vehicle to help European companies bypass U.S. sanctions on Iran, with three European diplomats saying the official unveiling could come as early as Monday.
Mogherini’s spokeswoman on Thursday indicated that work remains to be done.
Official Launch
The four EU diplomats who commented on the timetable all declined to be named because of the sensitivity of the matter. One of them cautioned that while the official launch had been set for Jan. 28, outstanding issues meant there could be a short delay. EU member states have agreed the SPV should be finalized by the end of the month, the diplomat said. Another diplomat said that while Jan. 28 was in play, the date had been pushed back before.