Europe Establishes Mechanism to Help Iran's Regime Against U.S Sanctions. Done !

Europe’s Special-Purpose Vehicle for trade which will allow Iran to trade with Europe while avoiding U.S sanctions has been established.

Germany, France, and Britain, signatories of the Iran nuclear agreement (JCPOA) have finalized and established the Special-Purpose Vehicle (SPV) for trade with Iran.

This channel allows the banks to work with Iran despite the U.S sanctions.

The mechanism is a channel separate from the conventional financial mechanisms which have limited their work with Iran after the U.S sanctions. The first phase of this mechanism includes food items, medicine, and medical equipment, and it will expand in the future.

Paris has been chosen as the location of this financial channel, and a German banking expert oversees its management. Britain will assume the role of the chair of the oversight committee. The three countries will provide the financial resources for the mechanism.

Other European countries can also join this channel. The three countries will probably issue a statement during the meeting of EU foreign ministers. The mechanism took months of planning and finalizing, and it is expected to have a positive impact on Iran’s economy.

Iran had issued several warnings to Europe that if they do not come through for Iran against the U.S sanctions, Tehran will revisit its arrangements with Europe in security and immigration areas.

Bache Tehroon

Staff member
Oct 16, 2002
DarvAze DoolAb
This has to be one of the funniest financial/political jokes ever enacted. There's even talks of Spain not wanting to sign because Iran didn't invite their delegate to a dinner party about Yemen! LOOOOOLLL!!! Khale-bazi for adults.

Meanwhile, Rial is about to take its next plunge and millions more feel the reality of poverty as their income dwindles while inflation makes the most basic things un-affordable.

I think we should all do our duty to our country of birth and vote for Zarif or whoever the supreme-leader endorses in the next election. That's gotta make the gods of democracy and patriotism proud no?