AFP - Iraq is establishing a financial "loophole" to continue buying vital gas and electricity from Iran despite US sanctions, AFP has learned, mirroring a European mechanism that came into effect Friday. The "special purpose vehicle" (SPV) would allow Iraq to pay for imported Iranian energy in Iraqi dinars, which Iran could use to exclusively buy ...

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 ...

Bourse and Bazaar | Ellie Geranmayeh and Esfandyar Batmanghelidj: Following weeks of speculation, France, the United Kingdom, and Germany (the E3) have formally registered a special purpose vehicle (SPV) to help facilitate trade with Iran trade that the return of US sanctions has significantly hampered. This comes after months of technical coordination ...

IRNA - Companies using a European initiative meant to facilitate trade with Iran face US retaliation, President Donald Trumps envoy in Brussels said in a warning that casts even greater doubts about the plans effectiveness in countending with US sanctions. Anyone actually using it to trade on anything other than humanitarian activity is going to ...

MNA Member of Parliament Mahmoud Sadeghi said on Thus. that Europes financial mechanism dubbed Special Purpose Vehicle, SPV reflects success of Irans policy in the international level. The mechanism to support financial transactions between Iran and Europe shows that diplomacy of the Islamic Republic of Iran has been successful in disrupting global ...

MNA Expressing regret over the unilateral withdrawal of US administration from nuclear deal, European Unions ambassador to the United States David OSullivan said trade and commerce with Iran is part and parcel of INSTEX. David OSullivan, the European Unions ambassador to the United States, wraps up his time in Washington at the end of February....

IRNA Swiss embassy in Tehran called for implementation of the European Special Purpose Vehicle for trade with Iran, known as INSTEX, to ease shipment of humanitarian products to the Islamic Republic of Iran. In a Twitter post on Monday, the Embassy said that Switzerland is doing its utmost to put into practice the new financial channel to ease shipment ...

Iranian Diplomacy | Javad Heirannia: Ali Vaez, director of the Iran program for International Crisis Group says that SPV is not a magic solution, and it may take a few months before its success can be truly assessed. He also adds that there is no relation between delays in launching the SPV and Iran missile program. Following is the full text of ...

Iranian Diplomacy | Sadeq Dehqan & Farzam Vanaki: To prove its goodwill, the European Union (EU) will cooperate with Iran in the process of working out solutions to ensure the continuation of economic collaborations between the two sides, said an Iranian MP. Mohammad Feizi, a member of the Iranian Parliaments Planning and Budget Committee ...

Iran Front Page - IFP has taken a look at the front pages of Iranian newspapers on Thursday, January 31, 2019, and picked headlines from 12 of them. IFP has simply translated the headlines and does not vouch for their accuracy. Remarks by Iranian President Hassan Rouhani in Imam Khomeini Mausoleum on Wednesday were widely covered by Iranian papers ...

Reuters - The U.S. embassy in Germany said on Thursday it was seeking additional details about a new European mechanism to facilitate non-dollar trade with Iran, but did not expect it to affect its effort to apply maximum economic pressure on Tehran. As the president has made clear, entities that continue to engage in sanctionable activity involving ...

MNA | Javad Heirannia: The foreign policy expert Richard Nephew is of the opinion that the repetitive delays in the launch of the EU-promised trade financial mechanism outside the SWIFT to save the Iran nuclear deal known as the SPV has nothing to do with Iran's missile power. The fellow at the Center on Global Energy Policy at Columbia ...

IRNA Iranian deputy foreign minister said on Wednesday that Tehran expects the European Union to take practical actions in support of Iranian nuclear deal. The Iranian nuclear deal, known also as the Joint Comprehensive Plan of Action (JCPOA) is in danger because of the US policies, Abbas Araqchi said. He made the remarks in a meeting with the ...

IRNA Bulgarian foreign minister expressed his support for the European Union's special mechanism for transactions with Iran, known as (SPV). Establishment of Special Purpose Vehicle (SPV) can promote economic and trade cooperation with Iran and Sofia supports it, Bulgarian Deputy Prime Minister for Judicial Reform and Foreign Minister Ekaterina ...

The Wall Street Journal | Laurence Norman andBenoit Faucon: France, Britain and Germany, defying threats from Washington, are this week executing their plans to set up a special-payments company to secure some trade with Iran and blunt the impact of U.S. sanctions. In the short term, the new company is expected to struggle to achieve even its initial ...

MNA Iranian Deputy Foreign Minister Abbas Araghchi arrived in Bratislava on Tuesday and conferred with Slovakian officials on the EUs planned trade mechanism aimed at facilitating trade with Iran in the face of US sanctions. Abbas Araghchi, Iranian Deputy Foreign Minister for Political Affairs, arrived in Slovakia Tuesday on top of a high-ranking ...

IRNA Austrian deputy minister of economy and digital on Tuesday stressed the need for promoting economic relations with Islamic Republic of Iran. Michael Sterl made the remarks in a meeting with Irans Deputy Foreign Minister Seyyed Abbas Araqchi late on Tuesday. Araqchi hoped that the two countries economic entrepreneurs would be able to further ...

MNA The head of Irans Foreign Policy Strategic Council Kamal Kharrazi said Tue. that despite the EUs promise to set up a trade mechanism with Iran to facilitate trade in the face of US sanctions, Iran still needs to rely on itself to ensure national interests. Kharrazi maintained that Iran and Europe each have their own separate interests, adding ...

IRNA - An informed European official said that Special Purpose Vehicle (SPV) will be announced by the three countries of Britain, France and Germany soon. The European official, who did not want to be named, said in an interview with the Islamic Republic News Agency (IRNA) that after the launch of SPV, the EU will support it by issuing a 'summing ...

MNA The Iranian Deputy Foreign Minister Seyed Abbas Araghchi said Monday that 8 months is too long for establishing the Special-Purpose Vehicle (SPV) by the European countries. He made the remarks while addressing the reporters after his meeting with Director General of the International Atomic Energy Agency Yukiya Amano in Vienna. It is more ...