Europe Works To Bypass U.S. Sanctions Against Iran



The Guardian: European 'clearing house' to bypass US sanctions against Iran

France or Germany possible hosts for SPV as EU looks to reward Tehran for nuclear deal

A special clearing house designed to allow European companies that trade with Iran to bypass newly reimposed US sanctions will be set up in Europe within months, possibly in France or Germany.

The clearing house, known as a special purpose vehicle (SPV), is seen as critical to reassuring Tehran that the EU genuinely wishes to reward Iran for signing the 2015 deal on its nuclear programme by expanding business with the country.

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WNU Editor: The problem is that no one wants to host this "clearing house" to bypass U.S. sanctions .... EU struggles to find host for Iran trade mechanism (Reuters). What I also find troubling is that the Europeans are doing this after Iran has been accussed of plotting terror attacks against Iranian dissidents in Europe .... Europe Contemplating New Sanctions Against Iran After Terror Plots Uncovered In Denmark And Paris (November 4, 2018).

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