MNA � Parliament Speaker Ali Larijani said the creation of INSTEX (Instrument for Supporting Trade Exchanges), EU�s trade mechanism with Iran, is the result of what the Europeans did for themselves.







Speaking to reporters on Saturday, Ali Larijani added that �in their confrontation with the US, Europeans wanted to demonstrate how much weight their authority holds, and how much presence they can have in [decision-making on] international issues.�

This case is where we can measure the extent of Europe�s sway, he added.

Larijani went on to note, �we should not make a positive or negative assessment of the mechanism yet. We need to judge these measures when they are put into effect.�

France, Germany and the United Kingdom on Thursday issued a joint�statement�on the creation of INSTEX (Instrument for Supporting Trade Exchanges), a Special Purpose Vehicle aimed at facilitating legitimate trade between European economic operators and Iran, in a bid to bypass the US sanctions and convince Iran to remain in the nuclear deal following the US unilateral withdrawal from the agreement.