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EU's Top Diplomat: EU-Iran Trade Vehicle Could Be Ready by Year-End

The European Union's foreign policy chief said Monday a system to facilitate non-dollar trade with Iran and circumvent U.S. sanctions could be in place by year's end. The European Union wants the so-called Special Purpose Vehicle (SPV) to help preserve the economic benefits for Iran deriving from the curbs it placed on its nuclear program under a 2015 deal with world powers, from which President Donald Trump withdrew the United States in May. EU diplomats had hoped to have the...

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