Chairman of Parliament’s Economic Committee said Tue. that EU’s recently created trade mechanism for Iran (INSTEX) has excluded the transfer of Iran’s oil revenues, adding the mechanism has no timetable or contract bond. Mohammadreza Pourebrahimi, Chairman of Parliament’s Economic Committee, told Mehr News correspondent on Tuesday that certain reports on the EU’s recently trade mechanism […]

Iranian Foreign Ministry, in response to European Union’s statement on new financial channel to support trade between Iran and Europe, emphasized the constructive interaction based on mutual interests and respect. The experience of the talks and cooperation between Iran and the European Union over the years, especially over the past three years, has shown that […]

“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 […]

 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 […]

 The Foreign Ministry issued a statement of Thursday saying Tehran welcomes the European Union’s payments mechanisms to skirt the U.S. sanctions against Iran, yet it sought an immediate implementation of the payment channel. “Iran calls for full implementation of the European Union’s commitments in the shortest period of time,” Foreign Ministry spokesman Bahram Qassemi said. […]

 Iranian Deputy Foreign Minister Abbas Araghchi arrived in Bratislava on Tuesday and conferred with Slovakian officials on the EU’s planned trade mechanism aimed at facilitating trade with Iran in the face of US sanctions. Abbas Araghchi, Iranian Deputy Foreign Minister for Political Affairs, arrived in Slovakia Tuesday on top of a high-ranking delegation as the […]

 Iranian Deputy Foreign Minister Abbas Araghchi on Mon. conferred with Austrian Foreign Minister Karin Kneissl on the latest developments regarding the EU’s trade mechanism with Iran. During the meeting in Vienna, the two sides conferred on topics of mutual interest, as well as the latest developments concerning the EU’s promised trade mechanism with Iran, and […]

German Foreign Minister Heiko Maas said Mon. that consultations between Germany, France, the UK and the European Union have led to agreement on setting up the Special-Purpose Vehicle (SPV) with Iran soon. “As far as the special purpose vehicle is concerned: it will be registered, it has not yet been registered, but I would say […]

 Iran’s nuclear chief has urged Europe to accelerate the launch of a promised trade mechanism aimed at bypassing US sanctions before it becomes too late. In an interview with the Islamic Republic News Agency (IRNA) published on Sunday, Head of Atomic Energy Organization of Iran (AEOI), Ali Akbar Salehi, commented on the current situation of […]

The National Iranian Oil Company (NIOC) is planning to issue $712 million (Rls. 30 trillion) in fixed rate bonds by the end of the current calendar year to March 20 in order to finance projects aimed at maintaining and enhancing production capacity of oil and gas fields. Speaking on Tuesday, Reza Dehghan, deputy NIOC director […]