NEWS
ECONOMY   Nuclear  

Iran Asks Europe for Accelerated Efforts to Implement SPV Mechanism

Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi underlined the need for the European states to adopt rapid measures to implement the Special Purpose Vehicle (SPV) which was promised by them back in September.

Araqchi made the remarks in a meeting with Belgian Deputy Foreign Minister Bruno van der Pluijm in Brussels on Wednesday.

During the meeting, he warned that the 2015 nuclear deal between Tehran and world powers would be in danger if European countries failed to fulfill their pledge to ease the US’ pressures and let Iran reap the economic benefits of the deal.

The US withdrawal from the Iran nuclear deal in May and its “illegal” move to increase pressure on Tehran upset the balance between the Islamic Republic’s commitments under the deal and the benefits it gained from it, Araqchi said.

Under such circumstances, the failure of Europeans and other parties to ease the pressures, as they had promised to, has increased concerns about the future of the nuclear deal, he added.

Van der Pluijm, for his part, said the Europeans are hopeful they would be able to develop the SPV soon.

“We are seeking to preserve the Iran nuclear deal and believe that the JCPOA must remain intact irrespective of the US’ pullout… as there is no alternative to the accord,” he noted.

He also reaffirmed the permanent commitment of his country and other European states to defending the nuclear deal, and said the JCPOA plays a key role in international peace and security.

The SPV which was promised by Iran’s key European trading partners back in September after a meeting of foreign ministers of the remaining signatories to Iran nuclear on the sidelines of the UN General Assembly meeting in New York is supposed to keep Iran’s financial relations with Europe alive under the US sanctions.

Europeans' honesty in dealing with Iran nuclear deal of July 14, 2015 is seriously doubted by Iranian masses that are discontent with talks with European counterparts.

In contrast with what European politicians and government are stating, many experts in Iran are suspicious of Europe's genuine commitment to the letters of the nuclear agreement of July 14, 2015, and are voicing their discontent with what they describe as Europe's strategy of killing time.

Even some commentators like Seyed Mostafa Khoshchashm are calling the Iranian government to start meaningful modifications in JCPOA undertakings, and specially remove the cap on the country's enriched uranium stockpile after the US unilateral withdrawal from the agreement; a call which is gaining momentum among the Iranians.

News No: 2758
Date: 2018/11/30 - 15:15
News Source: FARS News Agency

SPV  Seyed Abbas Araqchi  JCPOA  Belgian 

Comments:

Leave a Comment:

   
   
   
 

Iranian MP Questions Europeans’ Resolve to Establish SPV

A senior Iranian lawmaker criticized the European parties to the 2015 nuclear deal and said they are not determined to create the Special Purpose Vehicle (SPV), the mechanism aimed at facilitating trade with Iran in the US sanctions era.
 

Trading in Nat'l Currencies Needed to Counter US Sanctions

Russian Ambassador to Iran Levan Dzhagaryan said trading between Iran and Russia in their national currencies is an important step to counter the unilateral sanctions of the United States.
 

Report: France, Germany to Host Iran-EU Trade Mechanism Meeting

France and Germany have agreed to host the Special Purpose Vehicle (SPV) meetings to keep trade between Iran and the European Union alive, media reports said.
 

EU after Euro-Based Oil Transactions with World

The European Union is going to just use the euro in the financial transactions of all European oil deals with other countries, Iranian Vice-President Ali Akbar Salehi broke the news, affirming that the bloc will ditch US dollar in its all oil contracts.
 

Iran’s Nuclear Chief Hopes SPV Will Take Effect by Year-End

Head of the Atomic Energy Organization of Iran Ali Akbar Salehi expressed hope that a special purpose vehicle (SPV) that the European Union has developed to save the 2015 Iran nuclear deal will be in place by the end of December.
 

Official Says EU May Start Using SPV for Trade with Iran Soon

Iranian Deputy Foreign Minister Seyyed Abbas Araqchi said Tehran and the European Union are in close touch on SPV (Special Purpose Vehicle for trade) mechanism as EU hopes start using the conduit soon.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners