TEHRAN – The Europeans so far have not announced a date for establishing the special purpose vehicle (SPV), Foreign Ministry spokesman Bahram Qassemi said on Tuesday, Mehr reported.

SPV is a financial mechanism that the European Union has proposed to facilitate trade with Iran by bypassing U.S. sanctions.

“From Iran’s perspective, the European side has had a considerable delay in establishing this financial mechanism,” Qassemi said, adding, “This delay, no matter what reasons are behind it, is not acceptable.”

He added that Europeans have repeatedly emphasized their political determination for establishing the SPV. “According to their statements, they have reached relatively good results.”

MH/