Germany's Representative May Head SPV Mechanism Of Transactions With Iran - Source

Germany's Representative May Head SPV Mechanism of Transactions With Iran - Source

A representative of Germany may become the head of the Special Purpose Vehicle (SPV) that Europe is preparing to conduct transactions with Iran bypassing US sanctions, a source in the EU institutions told Sputnik Tuesday

BRUSSELS (Pakistan Point News / Sputnik - 22nd January, 2019) A representative of Germany may become the head of the Special Purpose Vehicle (SPV) that Europe is preparing to conduct transactions with Iran bypassing US sanctions, a source in the EU institutions told Sputnik Tuesday.

"Germany's representative is expected to head the Special Purpose Vehicle ," the source said.