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Six more Europeans states to join INSTEX

IRNA – Belgium, Denmark, Sweden, Finland, Norway, and the Netherlands in a joint statement supported Iran deal and expressed readiness to join the Instrument in Support of Trade Exchanges (INSTEX).

“Belgium, Denmark, Finland, the Netherlands, Norway and Sweden attach the utmost importance to the preservation and full implementation of the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear programme by all parties involved,” according to the statement which was released by Belgium Foreign Ministry.

It added: “The nuclear agreement was unanimously endorsed by the UN Security Council and is a key instrument for the global non-proliferation regime and a major contribution to stability in the region.”

In light of the continuous European support for the agreement and the ongoing efforts to implement the economic part of it and to facilitate legitimate trade between Europe and Iran, we are now in the process of becoming shareholders of the Instrument in Support of Trade Exchanges (INSTEX) subject to completion of national procedures,” the statement reads.

In this context, it is crucial for the Islamic Republic of Iran to return without delay to full compliance with the terms and provisions of the nuclear agreement.

INSTEX was adopted by foreign ministers of the European trio on the sidelines of a European Union summit in the Romanian capital Bucharest on January 1.

INSTEX has been registered at the address of France’s Economy and Finance Ministry in Paris. German banker Per Fischer has been appointed for six months long to run it.

Iranian President Hassan Rouhani has ordered gas be injected into 1,044 centrifuges rising the country’s enrichment level to near 9,500 Sus which is very close to the time before the nuclear deal.

During the last stages, Iran first surpassed the 300 kg cap on enriched uranium, then the enrichment level rose past 3.67% to 4.5%.

The third stage pushed Iran towards nuclear research and development and now the fourth phase is taking the country to Fordow nuclear site that has been named after Martyr Masoud Ali Mohammadi, a nuclear scientist who was assassinated in Tehran in January 2010.

Under the Joint Comprehensive Plan of Action (JCPOA), enrichment at Fordow nuclear site was supposed to be stopped for 14 years. “Inaction by European parties has made us move towards Fordow only after 3 years,” said Behrouz Kamalvandi,” Atomic Energy Organization of Iran (AEOI) Spokesman said.

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