Special Purpose Vehicle aims to keep Iran in 2015 nuclear deal with barter system

The European Union, Iran, China and Russia have set out a new plan to sidestep unilateral US sanctions designed to cripple the Iranian economy and force the Iranians to renegotiate the nuclear deal signed in 2015.

European diplomats hope the proposed measure – known as a Special Purpose Vehicle – will help persuade an increasingly reluctant Iran to stay inside the deal in the hope of rescuing its economy.

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