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European Clearing House To Bypass Us Sanctions Against Iran - Latest News


Europe preparing to bypass US sanctions against Iran

Tehran, Nov 7, IRNA - A special clearing house designed to allow European companies that trade with Iran to bypass newly reimposed US sanctions will be set up in Europe within months, possibly in ... read more

EU nations mull clearing house to avoid Iran sanctions: reports

Germany, France and Britain are mulling setting up a new financial institution to allow EU trade with Iran to continue despite American sanctions renewed by US President Donald ... a firm resembling a ... read more

EU Launches New Payment Channel With Iran to Bypass US Sanctions

It is a basic clearing house, by all indications, a payment channel that allows Iran to sell oil to Europe and buy things from Europe without having to touch the international banking system. US ... read more

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EU will soon establish alternative payment channel allowing Iran to bypass US sanctions: Mogherini

BRUSSELS: Brussels will create an alternative payment channel to facilitate financial transactions between the European Union and Iran in the nearest future to bypass US ... sanctions. In November, EU ... read more


Europe to bypass US sanctions on Iran with new trade mechanism

The EU has been preparing the system, in effect a clearing house that avoids monetary ... that have been hit hard by US sanctions. "It won't change things dramatically, but it's an important political ... read more

Cuba says interested in Iran-EU clearing mechanism

Cuba has expressed interest in a plan by the European Union to create a mechanism to get round US sanctions against Iran, saying it hopes the mechanism ... The SPV is a kind of clearing house that ... read more

US Envoy for Iran Warns EU Banks, Firms Against Non-Dollar Iran Trade

European banks and firms who engage in a special European Union initiative to protect trade with Iran will be at risk from newly reimposed US sanctions ... as a clearing house that could be used to ... read more

Trump Warns Europeans Not to Defy US Sanctions Against Iran

and companies are still allowed to trade with Iran. This, however, is difficult because US sanctions are scaring most banks away. The EU solution is a clearing house for the trades, which allow ... read more

As U.S. Sanctions on Iran Kick In, Europe Looks for a Workaround

As tough new American sanctions against Iran took effect on Monday, European officials remained determined to go their own way, but their progress on an issue that has sharply divided the United ... read more

EU bid to sidestep US Iran sanctions hits quicksand

The EU effort ... warned against EU states or companies trying to get around the sanctions, which are a US policy priority. The idea is that the SPV acts as a clearing house. Traders would pay into it ... read more

US Envoy for Iran Warns EU Banks, Firms Against Non-Dollar Iran Trade

The SPV was conceived as a clearing house that could be used to help match Iranian oil and gas exports against ... Iran may trigger U.S. penalties, severing the lenders' access to U.S. financial ... read more

Iran says not to wait forever for Europe's special payment mechanism

Europe has promised to establish the Special Purpose Vehicle (SPV), a mechanism which is supposed to bypass US sanctions against Tehran ... in the payment channel will directly manage the clearing ... read more



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