The EU-proposed financial mechanism that will enable countries to bypass U.S. sanctions on trade with Iran will be launched next month, Iran’s ambassador to Russia Mehdi Sanaei said.
"This mechanism will be launched in November 2018," the diplomat told Russia’s Izvestia newspaper.
"Iran is a responsible member of the international community. The reports by the IAEA – there are more than 12 – prove that Iran complies with its obligations. So the EU is working on a financial-economic plan for trade cooperation with Iran," Sanaei said.
EU's plan was announced in September by its foreign policy chief Federica Mogherini after a meeting of Chinese, French, German, Russian and UK foreign ministers. The new payment system will comply with international standards and will be open other partners in the world, Sputnik recalls.
