Three EU nations to meet on Iran, financial mechanism

'Tomorrow morning, before EU foreign ministers meet, @HelgaSchmid_EU will talk #Iran #SPV with E3 political directors,' Laurence Norman on his Twitter account on Monday, referring to the expected meeting between Secretary General of the European External Action Service and politicians from the E3 countries.

'Not being led to expect a solution on #SPV yet but they will be trying,' Norman further wrote, pointing to the new financial mechanism, Special Purpose Vehicle, to counter the illegal US sanctions on Iran.

Though the US administration has been trying to wipe out the Joint Comprehensive Plan of Action (JCPOA), also known as the Iran Deal, the other signatories of the deal have been loyal to it.

US President Donald Trump announced on May 8 that he would leave the deal and will restore the anti-Iraninan sanctions. His action was contrary to the international laws and UN Security Council resolutions.

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