U.S. not concerned by Europe's idea for Iran trade as companies moving out


  • World
  • Tuesday, 13 Nov 2018

LONDON (Reuters) - The United States is not too concerned by Europe's idea for a special purpose vehicle (SPV) to get around U.S. sanctions with Iran as companies are already withdrawing from the country in droves, the senior official for financial intelligence said.

"I think the bigger news in Europe is that companies are withdrawing from Iran in droves," Under Secretary of the Treasury Sigal Mandelker told reporters in London when asked about the SPV idea.

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