UN: EU to set up special payment channels with Iran — Mogherini

The European Union will set up «a legal entity to facilitate legitimate financial transaction with Iran,» EU High Representative for Foreign Affairs Federica Mogherini announced while reading the joint state of the Joint Comprehensive Plan of Action (JCPOA) participant nations in New York City on Monday. Alongside Iranian Foreign Minister Mohammad Javad Zarif, Mogherini said the legal entity... Еще will «allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world.» Mogherini emphasised the countries' interest in the normalisation of economic relations with Iran, adding that the participants of the ministerial meeting «welcomed the initiative to establish a special purpose vehicle to facilitate payment related to Iran's exports and imports.» Earlier on the day, the two officials met on the sidelines of the 73rd session of the United Nations General Assembly.

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