the Context

Joint Comprehensive Plan of Action

The foreign ministers of Germany, Russia, the United Kingdom, France, China and Iran agree to the creation of a Special Purpose Vehicle, a financial facility in the European Union, to facilitate payments and continue trade with Iran after the US withdrawal from the Iran deal.

UNITED NATIONS (AP) — Five world powers and Iran agreed late Monday to establish a financial facility in the European Union to facilitate payments for Iranian imports and exports

  1. Associated Press
EU, Iran set financial vehicle to ease trade between them