Europe’s INSTEX-Related Steps Meet MPs’ Qualified Approval

The recent measures taken by European countries for activating their special purpose vehicle to bypass American sanctions on Tehran are positive for a start, but more practical steps are required, a lawmaker said. 
After the United States withdrew from the 2015 nuclear deal (formally known as the Joint Comprehensive Plan of Action) and reimposed sanctions, the European Union declared that it would stick to the accord and take measures to preserve its benefits for Iran and shield the country against the US restrictive policies. 
Its most essential solution was the creation of SPV to facilitate non-dollar trade with Iran to circumvent the US sanctions.