E3+2 vows to establish ‘special purpose vehicle’ to facilitate trade with Iran
Tehran (KNA) - Remaining parties to the Iran nuclear deal have promised to establish a ‘special purpose vehicle’ to facilitate payments related to Iran’s exports as part of efforts to salvage the Joint Comprehensive Plan of Action after the US’ withdrawal.
European Union's Foreign Policy Chief Federica Mogherini and Iranian Foreign Minister Mohammad Javad Zarif held a joint press conference on Monday night (New York local time) to elaborate on the results of a meeting between the remaining parties of JCPOA, namely France, the UK, Germany, Russia, China, and Iran.
According to a joint statement issued by the participants and read out by the two diplomats, the meeting "took stock of the process of finding and operationalizing practical solutions for issues arising from the unilateral withdrawal of the US from the agreement and the re-imposition of the sanctions lifted under the JCPOA and its Annex II."
"Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a special purpose vehicle to facilitate payments related to Iran's exports, including oil, and imports, which will assist and reassure economic operators pursuing legitimate business with Iran," the statement read.
Source: PressTV