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Grounds for Optimism Over Iran-EU Trading Mechanism

Grounds for Optimism Over Iran-EU Trading Mechanism Grounds for Optimism Over Iran-EU Trading Mechanism

The Foreign Ministry's spokesman said Iran is still “optimistic” about Europe’s efforts to set up a special trade mechanism aimed at sidestepping US sanctions. 
“This is a very complicated issue and there are certain obstacles. There is US pressure on countries that may host the mechanism. However, they [the Europeans] have shown a firm will to establish it,” Bahram Qasemi also told a regular press briefing in Tehran on Monday, ISNA reported. 
The Special Purpose Vehicle proposed by the European Union would allow non-dollar trade with Iran, circumventing US sanctions banning the global use of dollar for oil trading. 
 

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