EU’s Proposed Trade Mechanism Will Have Broad Scope

A system proposed by the European Union to facilitate non-dollar trade with Iran and sidestep US sanctions will cover a range of goods and transactions rather than having a limited scope, a senior official said. 
“The mechanism that is being negotiated is meant to facilitate Iran’s transactions with EU member states and will include many items,” Foreign Ministry Spokesman Bahram Qasemi told a regular press briefing in Tehran, Iranian news agencies reported.
The European Union wants the so-called Special Purpose Vehicle to help preserve the economic benefits for Iran deriving from the curbs it placed on its nuclear program under a 2015 deal with world powers, from which US President Donald Trump withdrew the United States in May.