© Alexander Shcherbak/TASSRussian foreign minister Sergey Lavrov with EU external affairs chief Federica Mogherini in New York on Tuesday.
The European Union, Iran, China and Russia have set out a plan to sidestep unilateral US sanctions designed to cripple the Iranian economy and force the Iranians to renegotiate the nuclear deal signed in 2015.
European diplomats hope the proposed measure - known as a special purpose vehicle (SPV) - will help persuade an increasingly reluctant Iran to stay inside the deal in the hope of rescuing its economy.
Speaking on the sidelines of the UN general assembly in New York, Federica Mogherini, the EU external affairs chief, said the SPV was designed to facilitate payments related to Iran's exports - including oil - and imports, so long as the firms involved were carrying out legitimate business under EU law.
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