EU Warned on SPV Delay

EU Warned on SPV Delay
EU Warned on SPV Delay

Iran’s political and financial interests at present lie in remaining in the 2015 nuclear pact, but the adherence will definitely not be sustainable if the European Union continues to vacillates over its strategies to salvage the deal, a top diplomat warned. 
Under the nuclear agreement (formally known as the Joint Comprehensive Plan of Action) signed in 2015 with the six world powers, Iran agreed to place curbs on its nuclear program in return for sanctions relief. However, the United States reimposed sanctions after unilaterally withdrawing from the deal in May. 
EU countries have been trying to rescue the accord by preserving Iran’s interests through mechanisms to bypass the sanctions. 


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