• Sat / 12 January 2019 / 14:36
  • Category: Politics
  • News Code: 97102211697
  • Journalist : 71477

Germany hopeful to finalize SPV with Iran in coming weeks: FM Maas

هایکو ماس

Tehran (ISNA) - German Foreign Minister, Heiko Maas announced that related authorities are trying to finalize the payment channel known as the Special Purpose Vehicle (SPV) in the coming weeks.

In an interview with DER SPIEGEL, Heiko Maas said, “I am hopeful that we will be able to finalize the payment channel in the coming weeks. We are working urgently to clarify the final requirements -- such as determining the country where the mechanism will be headquartered. That isn't easy in a confrontative situation with the U.S. because it is, of course, trying to exert pressure”.

SPV is a financial mechanism that the European Union has proposed to facilitate trade with Iran.

It is regarded as a special purpose vehicle, a system which is viewed as a mechanism for EU members to keep doing business with Iran despite the US sanctions on Tehran.

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

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