US mulls new sanctions to kill Iran-EU trade vehicle
Tehran (KNA) - The Trump administration is now weighing sanctions on Iran’s counterpart to the European special-purpose vehicle for humanitarian trade, Bloomberg says.
The financial news provider quoted a senior administration official as saying that the latest measures will target the Special Trade and Finance Institute, which Iran set up to correspond to Europe's INSTEX in bypassing sanctions.
INSTEX is purported as the European fig leaf to Iran to persuade the country to remain in the 2015 nuclear agreement which the United States unilaterally left last year.
The news came as German Foreign Minister Heiko Maas visited Tehran on Monday to announce that the long-overdue mechanism would be ready soon.
The US government is targeting Iran's Special Trade and Finance Institute (STFI) on the ground that the country has not implemented global safeguards against money laundering and terrorism financing, Bloomberg cited the unnamed official as saying.
Source: PressTV