EU: SPV about to start operation
Baku, Azerbaijan, Jan. 17
By Elnur Baghishov - Trend:
The special purpose vehicle (SPV) for the EU-Iran relations is about to start operation, a spokesperson of the EU said, Trend reports via IRNA.
The EU is committed to the Joint Comprehensive Plan of Action (JCPOA) and respects international agreements, the spokesperson said.
Europe expects Iran to play a constructive role in this direction and to continue to fulfill all its obligations, the EU official said.
The JCPOA is based on certain objectives and has prevented Iran from getting nuclear weapons, the spokesperson said, adding that the International Atomic Energy Agency (IAEA) has confirmed Iran's commitment to the JCPOA in 13 reports.
The official noted that there are no alternative peace programs to the JCPOA.
The spokesperson further added that France, Germany, the UK, which are in the JCPOA, support financial exchanges with Iran and especially the creation of an SPV.
The SPV is currently at the final stage of development, the official added.
The JCPOA was signed on July 14, 2015, between Iran and P5+1 (China, France, Russia, the UK, the US plus Germany). The US left the JCPOA on May 8, 2018.