‘EU plans to finalize SPV as soon as possible’

December 12, 2018

TEHRAN- In a way to counter the U.S. sanctions on Iran, European Union plans to finalize the special purpose vehicle (SPV) as soon as possible to facilitate export and import processes between EU members and Iran, Tarja Cronberg, the head of the European Parliament delegation for relations with Iran, stated.

She made the remarks during a meeting with Gholam-Hossein Shafe’i, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), at the place of ICCIMA on Tuesday, ICCIMA website reported.
Also as Bloomberg reported on Monday, European Union foreign policy chief Federica Mogherini has said that SPV meant to help companies do business with Iran will be completed by the end of the year.
“Britain, France and Germany are seriously working on SPV, but we should consider that it is a new experience both for Iran and the EU which has made the process delayed”, Cronberg noted in the meeting.
She further said: “Iran has a long experience of tackling sanctions and I believe that the country can overcome again the challenge made by the U.S. unilateral sanctions.”
Shafe’i, for his part, emphasized that the EU making the SPV practical will remove many problems for Iran and called on the EU members to make necessary decisions in this due as soon as possible.
 
MA/MA

PHOTO: Head of the European Parliament delegation for relations with Iran Tarja Cronberg (L) met Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Head Gholam-Hossein Shafe’i in Tehran on Tuesday.

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