November 27, 2018

France, Germany may host payment channel aimed at bypassing US bans on Iran

France and Germany will likely host the Special Vehicle Purpose (SPV), a special payment channel created by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanctions, senior diplomats told the Wall Street Journal.

The Monday report said the governments participating in the payment channel will directly manage the company (mechanism) in order to prevent the US from putting direct sanctions on it. Read more.

PressTV

Related,
France and Germany Step In to Circumvent Iran Sanctions (paywall) - WSJ
India’s oil imports from Iran jump 39 per cent in October (video) - PressTV

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