Iran: EU responsible for delay in SPV implementation

Iran: EU responsible for delay in SPV implementation

Iran’s Foreign Ministry said Tehran holds Europe accountable for the failure to carry out a special purpose vehicle (SPV) which has been developed to save the 2015 Iran nuclear deal and maintain international trade with Iran, Tasnim news agency reports.

In an interview with IRIB on Saturday, Foreign Ministry Spokesman Bahram Qassemi said it is the Europeans that are at fault for the delay in implementation of the SPV.

He also warned the EU against the consequences of their failure to carry out their commitment, noting that Iran has so far honored all of its undertakings under the Joint Comprehensive Plan of Action (JCPOA).

“Iran’s patience is not unlimited, so the European Union is nearing the time to make a strategic decision to choose its path,” he added.

Pointing to the EU’s “serious incapability” to enforce the SPV, the Iranian spokesman said the EU, and even the three European parties to the JCPOA (Britain, France and Germany), are being “held hostage to the US economy”.

“The European countries must pay the price for the independence of their economies from the US,” Qassemi underlined.