Except Germany, France and Britain, other countries will not join in Iran trade mechanism

Iran may be discussed during Chancellor Angela Merkel’s trip to Japan next week but other countries are not immediately expected to join a European mechanism to facilitate non-dollar trade with Iran, a senior German government official said on Thursday.

Germany, France and Britain have officially set up a European Special Purpose Vehicle (SPV) to facilitate non-dollar trade with Iran and circumvent U.S. sanctions, two diplomats said earlier on Thursday.

Source » reuters

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