Iran’s coverage: Europe launches sanctions-busting Iran payment vehicle

Daily look at Iran’s late-breaking news and upcoming events:


European powers launch mechanism for trade with Iran

France, Germany and Britain have set up a European mechanism for non-dollar trade with Iran to avert U.S. sanctions, although diplomats acknowledged it is unlikely to yield big commercial transactions Tehran says it needs to keep a nuclear deal afloat.


Iran says Europe’s new trade mechanism is ‘first step’: TV

Iran said on Thursday a new European mechanism to facilitate non-dollar trade with the country was a first step for the European Union to fulfill its commitments under a nuclear deal between Tehran and major powers, state television reported.


Armed Forces’ aerial achievements expo opens in Tehran

An exhibition opened today in Tehran which features major aerial achievements of Iranian Armed Forces.


Bulgaria expresses support for EU financial mechanism for Iran

Bulgarian foreign minister expressed his support for the European Union’s special mechanism for transactions with Iran, known as (SPV).


Iran to revise stance on JCPOA if West not meet commitments: Spox

Foreign Ministry spokesman Bahram Qasemi said on Wednesday that if the Western states do not fulfill their commitments under the JCPOA, Iran will reconsider its stance vis-à-vis JCPOA.


Minister: Bulgaria to continue cooperation with Iran

Bulgarian Transport Minister Rosen Zhelyazkov underlined his country’s firm decision to continue cooperation with Iran despite the US pressures and sanctions.


Iran says waiting for EU practical action

Iranian deputy foreign minister said on Wednesday that Tehran expects the European Union to take practical actions in support of Iranian nuclear deal.


Deputy FM calls for Iran-Bulgaria parliamentary consultations

Iran’s deputy foreign minister for political affairs stressed the need for continuation of parliamentary consultations between Iran and Bulgaria to boost political and economic cooperation.


India in talks with US to extend Iran sanctions waiver: oil ministry official

India is in talks with the United States to extend a waiver on sanctions imposed on Iran’s crude oil exports, a senior Indian official said on Thursday.


China scales back Iran nuclear cooperation ‘due to fears of US sanctions’

Ali Akbar Salehi, the head of Atomic Energy Organisation of Iran (AEOI), said on Wednesday that the Chinese were “reducing the speed of cooperation despite their commitment” to redesign the Arak heavy water reactor.