Special purpose vehicle for trade with Iran
At a Glance
13-11-2018
Following the May 2018 announcement of the United States' withdrawal from the 2015 Iran nuclear deal and of the re-imposition of US sanctions on Iran, the EU is continuing to endorse implementation of the agreement, providing Iran fulfils its nuclear-related obligations. The EU is also committed to ensuring that EU-Iran trade and economic relations continue to benefit from the positive impact of lifting the sanctions. The EU has already introduced measures to alleviate the effects of US sanctions on European firms, and has announced the creation of a new mechanism, a special purpose vehicle (SPV), to facilitate financial transactions with Iran.
At a Glance
About this document
Publication type
Author
Policy area
Keyword
- America
- Asia and Oceania
- common commercial policy
- economic geography
- economic sanctions
- European construction
- EUROPEAN UNION
- extraterritorial jurisdiction
- FINANCE
- free movement of capital
- GEOGRAPHY
- international affairs
- INTERNATIONAL RELATIONS
- international security
- international trade
- Iran
- LAW
- nuclear non-proliferation
- organisation of the legal system
- payment system
- political geography
- the EU's international role
- TRADE
- trade policy
- trade relations
- United States