FILE PHOTO: U.S. Secretary of State Mike Pompeo, left, and European Union foreign policy chief Federica Mogherini, speak at a meeting in Brussels, Belgium, July 12, 2018. Andrew Harnik/Pool via REUTERS/File Photo
PARIS/VIENNA/BRUSSELS (Reuters) - A special European Union initiative to protect trade with Iran against newly reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment, EU diplomats said.
The main European powers - Germany, France and Britain - will raise pressure on Luxembourg to host the so-called Special Purpose Vehicle (SPV) after Austria refused to manage the plan, threatening its viability.
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