BRUSSELS (Reuters) – The European Union’s foreign policy chief said on Monday a system to facilitate non-dollar trade with Iran and circumvent U.S. sanctions could be in place by year’s end.
The European Union wants the so-called Special Purpose Vehicle (SPV) to help preserve the economic benefits for Iran deriving from the curbs it placed on its nuclear programme under a 2015 deal with world powers, from which President Donald Trump withdrew the United States in May. [Read more at Reuters]
