French FM: SPV Operational ‘in Coming Days’
PARIS (Reuters) -- France's foreign minister said Wednesday that he expected a European-backed system to facilitate non-dollar trade with Iran and circumvent U.S. sanctions would be established in the coming days.
The SPV "should be implemented in the coming days," Jean-Yves Le Drian told the French parliament's foreign affairs committee. "It will work as a sort of clearing house that will allow in euros for Iran to benefit from some of its oil resources and at the same time buy essential products from the main three main (European) partners," Le Drian said.
The SPV "should be implemented in the coming days," Jean-Yves Le Drian told the French parliament's foreign affairs committee. "It will work as a sort of clearing house that will allow in euros for Iran to benefit from some of its oil resources and at the same time buy essential products from the main three main (European) partners," Le Drian said.