Steffen Seibert

Germany says work on Iran special purpose vehicle taking time

Reuters – Work on setting up a special purpose vehicle for business with Iran is taking longer than expected, a German government spokesman said on Wednesday.

“Currently, the last steps need to be taken for this corporation to be able to operate – that includes Iran making the necessary preparations on its side,” spokesman Steffen Seibert told a regular government news conference.

Reporting by Sabine Siebold; Writing by Paul Carrel; Editing by Madeline Chambers