01:52 GMT +318 February 2019
Listen Live
    Euro- und Rial-Banknoten (Symbolbild)

    Iran Considers EU Trade Tool First Step Toward Dialogue - Envoy

    © Sputnik / Grigorij Syssoew
    Middle East
    Get short URL
    0 91

    Top Iranian politicians have been criticising the EU for its lack of progress in creating the special trade tool, designed to help European firms continue doing business with Iran without fear of being sanctioned by the US.

    Iranian envoy to Russia Mehdi Sanaei said that the EU mechanism for trade with the Islamic Republic is just the first step toward dialogue and stability, but added that more needs to be done in the future. Sanaei added that Tehran expects more from Brussels in terms of the EU's efforts in the creation of the trade mechanism.

    The envoy said that the EU's solution to the US sanctions came "extremely late", but still called it a big, "serious step". He underscored that for its part, Tehran is continuing to adhere to the Iran nuclear deal, something which the envoy says has been confirmed by the International Atomic Energy Agency's checks.

    The EU suggested creating special trade tool soon after the US threatened to sanction European firms that would continue doing business with Iran after Washington's introduction of sanctions against the country. However, Iranian politicians have recently been pointing out that the process of creating the mechanism has been stagnating, showing little progress.

    Related:

    EU Blocking Statute, SPV Can Derail US Sanctions on Iran - Economist
    Germany, France, UK Create EU Tool for Trade With Iran Despite US Sanctions
    EU-Iran Trade Mechanism: Berlin Talks of Applying it to Other States - Expert
    EU Has to Fine-Tune New Payment Mechanism to Trade With Iran Under US Sanctions
    What You Should Know About the Newly Registered Mechanism for EU-Iran Trade
    Tags:
    sanctions, Special Purpose Vehicle (SPV), EU, Iran