Iran has lost hope in long-awaited INSTEX
Iran’s Foreign Ministry Spokesman says Tehran has lost any hope of seeing the EU's long-awaited trade mechanism (INSTEX) for Iran in action.
Russia raps INSTEX failure in bypassing sanctions
The Instrument in Support of Trade Exchanges (INSTEX), an EU's mechanism for financial settlements with Iran, gives no experience of bypassing the sanctions, Russia’s Permanent Representative to the European Union Vladimir Chizhov said in criticism of the mechanism on Friday.
Pompeo says U.S. will not stand in the way of INSTEX
U.S. Secretary of State Mike Pompeo has said that Washington will not stand in the way of a system Europeans are developing to shield companies dealing with Iran from the U.S. sanctions, so long as it provides only humanitarian and other permitted goods.
Mogherini in Bargaining Mood
Nathalie Tocci, the Special Adviser to European Union Foreign Policy Chief Federica Mogherini, has recently made some remarks which have been highlighted by some Western media. She has said Iran’s 60-day deadline to the European troika is not enough.
Over 100 European SMEs eye Iran oil: CEO of SIPIEM
Reza Khayamian, CEO of SIPIEM, said 110 European SMEs were ready to operate oil and gas projects in Iran despite US sanctions.
Iran, Europe to facilitate trade relations
The managing director of Export Guarantee Fund of Iran (EGFI) announced that a number of MoUs will soon be signed between EGFI and some European countries.
Russia, Germany, France urge preserving JCPOA
Russia, Germany and France have reaffirmed their support for the mutually-beneficial economic cooperation with Iran and stressed the importance of preserving the 2015 nuclear deal.
Pompeo fails to sway allies on Iran in awkward surprise visit
U.S. Secretary of State Michael Pompeo made scant progress persuading European Union counterparts to take a harder line toward Iran during a quick visit on May 13 to Brussels, with the EU standing behind the nuclear accord abandoned by Washington -- and warning of a potential military conflict.
Mogherini hopes Iran-EU financial channel to become operational in next few weeks
European Union (EU) Foreign Policy Chief Federica Mogherini hoped that financial channel between Iran and EU dubbed “INSTEX” would become operational in the next few weeks.
Hemmati lashes out at EU for ‘threadbare’ remarks over INSTEX
Governor of the Central Bank of Iran criticized European countries for repeating ‘threadbare’ remarks over their promised trade mechanism for Iran (INSTEX) and their failure to make it operational.