Ber­lin pur­su­ing SPV fi­nal re­quire­ments: Ger­many

Tehran Times - - POLITICS -

TEHRAN – Ger­many is pur­su­ing the fi­nal re­quire­ments for im­ple­men­ta­tion of the spe­cial pur­pose ve­hi­cle (SPV) for trade with Iran, Ger­man For­eign Min­is­ter Heiko Maas has said.

Speak­ing to Ger­man mag­a­zine Der Spiegel in an in­ter­view pub­lished on Fri­day, Maas said iden­ti­fy­ing a coun­try to host the men­tioned mech­a­nism is among these re­quire­ments.

He said it would not be easy when the U.S. is try­ing to put pres­sure.

Ger­many hopes to fi­nal­ize SPV within weeks, he added. SPV is a fi­nan­cial mech­a­nism that the European Union has pro­posed to fa­cil­i­tate trade with Iran by by­pass­ing U.S. sanc­tions.

In re­sponse to a ques­tion on U.S. re­li­a­bil­ity as a part­ner, Maas said cer­tainly Ger­many will no longer be able to have any con­sul­ta­tions with the White House.

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