A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of U.S. sanctions hit, but it will not be operational until early next year, three diplomats said.The mechanism, a so-called special purpose vehicle (SPV), is designed to circumvent the sanctions, under which Washington can cut off any bank that facilitates oil transactions with Iran.
Check Also
Les armées européennes obligées d’acheter américain
Les plans des leaders européens, qui prétendent donner à l’UE une puissante armée européenne autonome, …