10 May 2025
Sunday 16 December 2018 - 15:50
Story Code : 330907

SPV delay to inflict bigger economic cost

SPV delay to inflict bigger economic cost
Financial Tribune - The Special Purpose Vehicle, a dedicated non-dollar payment channel created by Europe to keep trade flowing with Iran in defiance of US sanctions, is likely to be launched soon.

According to co-chair of Iran-Switzerland Chamber of Commerce, Sharif Nezam-Mafi, the details on SPV's mechanism and method of operation have yet to be revealed.

Last Monday, the European Union�s foreign policy chief said SPV could be in place by the yearend.
https://theiranproject.com/vdcbggbfzrhbf9p.4eur.html
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