January 31, 2019 / 2:58 PM / 17 days ago

U.S. does not expect European SPV to affect U.S. pressure campaign on Iran

WASHINGTON (Reuters) - The United States does not expect a Special Purpose Vehicle (SPV) being set up by European nations to facilitate trade with Iran to affect its “maximum economic pressure” campaign against Tehran, a U.S. State Department spokeswoman said on Thursday.

“We do not expect the SPV will in any way impact our maximum economic pressure campaign,” said the spokeswoman on condition of anonymity, saying the department was closely following reports about the SPV to learn more about the mechanism. She also said entities that engage in sanctionable activity with Iran risk losing access to the U.S. financial system and the ability to do business with U.S. companies.

Reporting By Arshad Mohammed; Editing by Chizu Nomiyama

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