(Persia Digest) – Iran’ Deputy Foreign Minister for Foreign Affairs has announced: “The Special Purpose Vehicle (SPV) mechanism will be announced within the next day or two.”

Speaking at a press conference following his meeting with IAEA Genera Director, Yukiya Amano, Seyed Abbas Araghchi said: “Eight long months have been spent on conducting discussions with three European countries to start up the SPV. All European countries are hopeful that the mechanism will begin work soon. Three of these countries will share the running of the SPV. The mechanism will be announced within the next day or two, unless those who wish to stop it prevent it from doing so.”


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He also said: “In my meeting with Mr Amano, I explained that Iran’s interests have been fundamentally damaged in the JCPOA nuclear deal and this is not good; because, nuclear commitments and the lifting of sanctions are interconnected.”

He continued: “The other parties involved must fulfill their obligations in such a way that Iran can maintain its interests and continue to cooperate.”


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Persia Digest (PD) reports that following the US unilateral exit from the 2015 JCPOA Iran nuclear deal in April and the reinstatement of sanctions against this country, Iran announced that if its interests in the JCPOA were met and guaranteed by the Europeans, it would continue to honor its obligations under the deal. European countries also promised to startup the SPV mechanism to stop the effects of the returned sanctions on Iran. Nevertheless, the SPV is not operational yet and the US has recently threatened the EU with punitive action if it tries to circumvent the Iran sanctions.

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