All newspapers on Saturday covered the European Unions announcement of the establishment of INSTEX, a long-awaited special purpose vehicle (SPV) aimed at facilitating trade with Tehran in the face of the US sanctions.
Reformist papers cautiously welcomed the move by the EU, but conservative ones mostly downplayed the mechanism, describing it as an ineffective effort which is being made too late.
The above issues, as well as many more, are highlighted in the following headlines and top stories:
Abrar:
1- Iran to Continue Developing Arak Reactor If Other Parties Fail to Do Their Part
2- US: Europes INSTEX Not to Influence Policy of Pressure on Iran
Aftab-e Yazd:
1- Europes First Step to Preserve Iran Nuclear Deal
* Europes Special Payment Mechanism INSTEX Finally Established
2- Please Use Nicotine Instead of Protein
* Despite Surging Price of Meat in Iran, Cigarette Price Still Low
Arman-e Emrooz:
1- Highlights of Europes Iran Payment Mechanism
2- Zarif: INSTEX Establishment Long Overdue
3- Challenge of EUs Financial Mechanism [Editorial]
Ebtekar:
1- First Step for Overcoming Sanctions
* EU Finally Registers Special Payment Channel for Doing Business with Iran
2- Iran Engaged in Economic Media War: VP
3- New Lebanese Govt Finally Formed
Etemad:
1- Europe Turns Its Back on US Dollar
2- Ambiguity over Palermo, CFT Accession
* Raisi Had Endorsed Palermo Convention 15 Years Ago
3- Future of Europes Financial Mechanism [Editorial]
Ettelaat:
1- Zarif: Interaction with World to Benefit Iran at End of the Day
* In Nuclear Talks, Were More Concerned about Being Stabbed in Back by Hardliners in Iran
2- European Parliament Unanimously Recognizes Opposition Leader as Venezuela President
Ghanoon:
1- Scale Model of SPV
2- Internet Censorship another Failure Just as Fight against VHS Players, Satellite Dishes: MP
Iran:
1- Trade Channel, Finally
* Iran Foreign Ministry: We Welcome the Move, but Its Just the First Step
2- Lebanese People Waiting for Economic Reforms
Javan:
1- INSTEX, another Almost Nothing for Iran
* Special Payment Mechanism Established Too Late, Incomplete
2- IRGC Aerospace Force Forms Unit for Cloud Seeding
Jomhouri Eslami:
1- US Once Again Fails against Iran
2- Celebrations to Mark 40th Anniversary of Irans Islamic Revolution Begin
Kayhan:
1- Trust in French Govt Down to Record Low of 9%
Sazandegi:
1- Great Pardon
* Iranian Human Rights Lawyers Hail Leaders Order to Give Widespread Pardon on Revolution Anniversary
2- Will Transformation of SPV to INSTEX Change Nature of European Package?
Shahrvand:
1- INSTEX, First Step for Cooperation
2- Hell of Snow and Cold in US
Shargh:
1- Europe Bypasses US Dollar
* Mogherini Underlines EUs Continued Commitment to JCPOA
