Cuba Sees EU Effort to Sidestep Iran Sanctions as Blueprint to Break US Embargo | WHAT REALLY HAPPENED


Cuba Sees EU Effort to Sidestep Iran Sanctions as Blueprint to Break US Embargo

A senior Cuban official says the country is looking closely at the Special Purpose Vehicle the EU is creating for Iran, because Havana may benefit from a similar mechanism.

Cuba is watching closely the development of the Special Purpose Vehicle (SPV), which the EU is crafting to circumvent US sanctions on Iran, senior Cuban foreign ministry official Rodolfo Reyes said in an interview with AFP. According to Reyes, Cuba thinks a similar mechanism might be created in the future for Havana to avoid the US embargo on the island.

"There was a mention of this instrument, and we of course also raised the interest that we would have in any solution of this kind that would allow European companies to become increasingly involved in foreign investment and bilateral trade with Cuba," Reyes told AFP.

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