All tagged Cuba

Cuba Eyes EU's Planned Iran Sanctions-Busting System

◢ Cuba hopes a special payment system the EU is creating to get round US sanctions on Iran will help it sidestep its own Washington-imposed trade embargo, a senior official told AFP on Monday. Brussels is working on a "special purpose vehicle" (SPV)—a system for clearing payments to Iran—-as it seeks to keep trade flowing despite Washington reimposing sanctions after ditching the 2015 nuclear deal with Tehran.