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Pompeo criticizes EU plan for special Iran payment channel

September 25, 2018 9:57 PM
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UNITED NATIONS (Reuters) - The European Union’s plans for a “special purpose vehicle” (SPV) designed to circumvent U.S. sanctions against Iran’s oil exports is deeply counterproductive, U.S. Secretary of State Mike Pompeo said on Tuesday.

“Unfortunately, just last night I was disturbed and indeed deeply disappointed to hear remaining parties in the Iran (nuclear) deal announce they are setting up a special payment system to bypass U.S. sanctions. This is one of the most counterproductive measures imaginable for regional global peace ...

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