The move is unstable to avoid US sanctions between EU and Iran and it does not seem to succeed.
News Time
The move is unstable to avoid American sanctions between the EU and Iran and it does not seem to succeed. Iran and the European Union have arranged it to sail US sanctions under the Special Action Vehicle (SPV). Iran’s nuclear program has begun following the nuclear deal with Iran. But this chain of economic and business relations between them does not seem to grow beyond happiness and a major reason for this is conspiracy for terrorist acts on Iran’s soil. Recently, its plans for terrorism in Albania, France and Denmark have failed after which relations between the EU and Iran has become more complicated. Iran and EU member countries introduced special goals vehicle movements a few months ago but there are many obstacles in the process of implementation. Experts are now asking whether the mechanism is intended for European countries to purchase oil and gas from Iran and to avoid the basic and secondary sanctions of America.
The creator of this vehicle was Federica Mogherini, the head of the EU’s foreign policy but it is practically facing the royal royalty while European firms are coming back from Iran to trade. So tensions between Tehran and Brussels are increasing and the patience of Iranian regrets is becoming increasing. Iranian Foreign Minister Mohammad Javad Zarif and his deputy Abbas Araghchi have expressed disappointment over the recent expectations. The British news agency Reuters recently said in a report that the special move would be likely to be a failure to save the EU from trade with Iran. And any European Union will not be ready to host this operation due to American punishment. That is why the European Union’s SPV movement is still symbolic.
As per experts, the most annoying issue is that SPV can not replace the global financial system messaging system. Because it does not have the ability to become an alternative and overall there will be no business in the dollar and will not have access to US financial institutions and financial systems. Due to these problems, Federica Mogherini has not yet been able to get any setup for the launch of the SPV. Organizational member countries Luxembourg, Austria and Belgian, etc. have already refused to resubmit the SPV. Thus, this plan seems to be inevitable. And so and in the European Union, US Ambassador Gordon Sondland has rejected the proposed SPV and said that no other name can be given except paper paper.
