INSTEX falls short of EU’s commitments: MP
Iran does not consider the EU’s faulty trade mechanism, INSTEX, as a measure in line with the bloc’s promise on complying with its JCPOA commitments, said the spokesman for Parliament’s national security commission.
Mirage named INSTEX; A review over European JCPOA: Report
INSTEX (Instrument in Support of Trade Exchanges), does not guarantee sales of Iranian oil and is limited to trade of unsanctioned goods such as food and medicine.
Iran, Turkey ditched dollar for 35% of trade last year: Zarif
Iranian Foreign Minister Zarif, while stressing the dwindling power of US dollar in international transactions, said Iran and Turkey used national currencies for 35% of their bilateral trade last year.
INSTEX should be funded by Iran’s oil export to EU: Hemmati
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said that INSTEX needs to be funded by exports of Iranian oil to European countries.
EU’s buying time for US with promises on INSTEX: MP
The EU’s promises on the implementation of their trade mechanism for Iran, INSTEX, is an attempt to buy time for the United States, a member of Parliament’s national security commission told MNA on Monday.
Iran Working on Forex Plans Independent of INSTEX
TEHRAN - The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
‘Useless’ INSTEX cannot solve Iran’s economic problems: MP
An Iranian lawmaker described the EU-proposed INSTEX as a ‘useless’ mechanism which cannot solve Iran’s economic problems.
EU mechanism for trade with Iran now operational: statement
French, British and German officials announced in a statement on Friday that the trade mechanism with Iran aimed at circumventing US sanctions, dubbed INSTEX, has been operational.
INSTEX ‘a beautiful vehicle without fuel’: envoy
Iran's ambassador to the United Nations noted Saturday that the EU-proposed financial mechanism, INSTEX, is ‘not enough’ and is like a beautiful vehicle without fuel.
Lifting of sanctions key part of JCPOA, parties agree
Signatories to the Iran nuclear deal agreed at a JCPOA meeting in Vienna that the lifting of US' unilateral sanctions is an essential part of the agreement.