Senior MP: Registration of INSTEX, Europe’s first step

IRNA – The move taken by three European countries to register the special financial mechanism, known as INSTEX, is Europe’s first step, a senior Iranian Member of Parliament said on Sunday, expressing hope that this first step will continue.

Hossein Naqavi Hosseini, a member of Majlis National Security and Foreign Policy Commission, made the remarks in an exclusive interview with Islamic Republic News Agency (IRNA).

“The fact that the (financial) channel was registered and announced indicates that the Europeans have taken the first step,” Naqavi Hosseini said.

“Of course if they want to condition the execution of the financial channel on ratification of FATF (bill) or negotiations on issues such as missile program, they have to know that we will have no negotiations in this regard by any means.”

He made it clear that Iran has never negotiated with any country over its missile capability and will not do so in the future.

The lawmaker said that conditioning the execution of the European financial channel on issues which have not been included in Iran nuclear deal and are not among the commitments of the parties, runs contrary to international regulations, and Iran will never accept such a scheme.

In a news meeting in Bucharest late Thursday, German, British and French foreign ministers officially announced the commissioning of the Instrument in Support of Trade Exchanges (INSTEX) with Iran – a mechanism to help European trade with Tehran and circumvent US sanctions.