ECONOMY   Nuclear  

Zarif: Iran Not to Wait for Europe to Enforce SPV

Iran will keep working with Europe to put into effect a special purpose vehicle (SPV) for international trade with Tehran under the 2015 nuclear deal, but would not stand by waiting for the EU, Iranian Foreign Minister Mohammad Javad Zarif said.

According to Tasnim dispatches, speaking to reporters here on the sidelines of a meeting with India’s minister of Road, Transport and Highways, Zarif said Iran will keep working in cooperation with Europeans on the SPV -a financial mechanism devised by the EU to save the Joint Comprehensive Plan of Action (JCPOA), continue trade with Iran and neutralize the US sanctions against Tehran.

However, the top Iranian diplomat added, Tehran would not wait for the Europeans but will work with its traditional partners, like India, China and Russia, in order to fulfill the interests of Iranians.

Zarif said the European parties have been making efforts to carry out the SPV, but they have not lived up to Iran’s expectations.

He added that Iran will enhance cooperation with its trade partners through various channels.

The Iranian foreign minister also pointed to his negotiations with the Indian official on economic cooperation between Tehran and New Delhi, saying the two countries have launched cooperation in various fields, as in the development of the Iranian port city of Chabahar.

Pointing to the interaction between the Iranian and Indian banks, Zarif expressed hope that Tehran and New Delhi would broaden ties despite the US sanctions.

Heading a diplomatic and economic delegation, Zarif arrived in India on Monday evening for a three-day visit.

News No: 3208
Date: 2019/01/09 - 06:56
News Source: Tasnim News Agency

SPV  EU  Mohammad Javad Zarif  JCPOA  nuclear 


Leave a Comment:


Larijani Highlights US Failure to Cut Iran’s Oil Exports to Zero

Iranian Parliament Speaker Ali Larijani highlighted the futility of US plots to hit the Islamic Republic’s economy and said Washington has failed in its attempts to cut Tehran’s oil exports down to zero.

Iran-Switzerland Payments Channel Ready: Official

The head of Iran-Switzerland Joint Chamber of Commerce announced that a payments channel has been developed and prepared to be inaugurated in a bid to boost bilateral trade between the two countries.

Germany Plans to Sanction Iran's Mahan Air

Germany plans to ban Iranian airline Mahan Air from its airports, media reports said on Monday, in an escalation of sanctions adopted by the European Union against Iran.

EU Nations, Mogherini Not to Attend Washington’s Anti-Iran Summit

A US effort to enlist Europe in its pressure campaign against Iran faced a setback after officials said ministers from several European Union members and EU foreign policy chief Federica Mogherini will skip a summit organized by Washington on Iran and the Middle East in Poland.

US Likely to Extend Iran Oil Sanctions Waivers

The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.

Tehran, Vienna to Broaden Energy Cooperation

Representatives from Iranian and Austrian energy companies reached news agreements in a 4-day meeting in Vienna where they held the 5th joint workgroup of the two countries, said Iranian Foreign Ministry Spokesman Bahram Qassemi on Friday.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners