Zarif says Iran will not wait for Europeans in its trade relations
Foreign minister Zarif says that Iran will not wait for the implementation of EU’s non-dollar channel as it has continued its trade relations so far. According to the Islamic Republic of Iran Broadcasting (IRIB), the Iranian Foreign Minister Mohammad Javad Zarif made the remarks after attending a meeting of the Parliament National Security and Foreign Policy Commission along […]
Europe has no right to set conditions for implementing INSTEX
“Europe has no right to set conditions for implementing the new financial channel,” Iranian Ambassador to London Hamid Baeidinejad said in a post on his Twitter account on Sunday. Commenting on INSTEX a payment channel launched by the three EU signatories to the 2015 Iran nuclear deal (France, Germany and Britain) last week to help continue […]
INSTEX represents EU’s will to keep up with nuclear deal
Deputy speaker of Iran’s Parliament Ali Motahari said Sunday the launch of the INSTEX mechanism represents the will and determination of Europe to keep up with the nuclear deal, but the final judgment will make sense after it is implemented. Motaharri pointed to a European foreign minister’s comment that the implementation of this mechanism is tied […]
Europe sets up transactions channel with Iran
Several European countries have set up a new transaction channel that will allow companies to continue trading with Iran despite U.S. sanctions. The announcement was made on Thursday. The channel, set up by Germany, France, and the UK, is called INSTEX — short for “Instrument in Support of Trade Exchanges.” “We’re making clear that we […]
European Mechanism for Trade with Iran Set Up
Germany, France and Britain officially set up a European payment channel with Iran called INSTEX, to help continue trade with Tehran and circumvent US sanctions. The channel, set up by Germany, France and the UK, is called INSTEX, an abbreviation for “Instrument in Support of Trade Exchanges,” NDR reported on Thursday. The payment channel would […]