The U.S. on Wednesday threatened to impose more sanctions on Iran “very soon” and warned Europe against doing business with Tehran via a system of non-dollar trade to circumvent U.S. sanctions. “Expect more sanctions soon. Special Purpose VehicleMr. Morrison said the U.S. would move quickly against any attempt by European countries to undermine Washington’s sanctions pressure on Iran. He advised them against using the so-called Special Purpose Vehicle to facilitate non-dollar trade to get around U.S. sanctions. “We call on all relevant parties to exercise restraint, strengthen dialogue, and avoid escalating tensions,” he said, adding that China “resolutely opposes” unilateral U.S. sanctions against Iran.

Source: The Hindu May 08, 2019 17:02 UTC