Iran’s INSTEX mirror company moving into trial phase
Tehran Times – The managing director of Iran’s Special Trade and Finance Instrument for trade with Europe (STFI), called SATMA in Persian,…
Tag Archives: INSTEX
Iranian official deplores EU’s delay in fully implementing INSTEX
Tasnim – The financial channel that the three European parties to the 2015 Iran nuclear deal have established to maintain trade with…
France hopes first INSTEX transaction comes in a few days
MNA – France has expressed hope that the long-awaited European mechanism, INSTEX, to shield Iran’s trade from US sanctions will be implemented…
Iran pins no hope on ‘insufficient’ INSTEX: FM spox
MNA – Iranian Foreign Ministry Spokesman Abbas Mousavi described the EU-established financial mechanism, INSTEX, as insufficient, adding that nobody in the Iranian…
INSTEX falls short of fulfilling EU’s 11 JCPOA commitments
MNA – Referring to the recent JCPOA meeting held among E3/EU and Iran, Iranian Foreign Ministry Mohammd Javad Zarif said that “in…
INSTEX falls short of EU’s commitments: MP
MNA – Iran does not consider the EU’s faulty trade mechanism, INSTEX, as a measure in line with the bloc’s promise on…
Rezaei says INSTEX cannot restore EU’s ruined image
MNA – The Secretary of Iran’s Expediency Council, Mohsen Rezaei, the EU-established financial mechanism, INSTEX, is unable to restore the destroyed reputation…
Iran oil import critical for success of INSTEX
Financial Tribune – The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument…
Iran hopes Europe will take practical measures by July 7
IRNA – Iran says that it hopes Europe will take practical and tangible measures to put into practice a financial channel –…
Mogherini stresses more EU countries will join INSTEX
MNA – EU foreign policy chief Federica Mogherini has stressed once again that the EU trade mechanism for Iran has become operational,…
INSTEX cannot work miracles for Iran: Official
Tasnim – Chairman of the Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq highlighted the ineffectiveness of the Europeans’ long-awaited financial mechanism, known as…
INSTEX operational, Iran says EU should buy oil
IRNA – EU Instrument in Support of Trade Exchanges (INSTEX) is now operational with Iran saying that the European partners need to…
‘Useless’ INSTEX cannot solve Iran’s economic problems: MP
MNA – An Iranian lawmaker described the EU-proposed INSTEX as a ‘useless’ mechanism which cannot solve Iran’s economic problems. “INSTEX is a…
INSTEX without capital is like a beautiful car without fuel: Iran
IRNA – Iran’s ambassador and permanent representative to the United Nations called on Saturday the European payment mechanism for trade with Iran,…
INSTEX must cover Iran’s oil sales, variety of banking transactions
MNA – A member of Iranian Parliament Mostafa Kavakebian has criticized the EU trade mechanism for Iran dubbed ‘INSTEX,’ stressing the necessity…
INSTEX operational but Iran’s expectations not fully met
MNA – Iranian Deputy Foreign Minister Abbas Araghchi said that the EU’s financial vehicle to ease trade with Iran, INSTEX, is now…
EU senior official says INSTEX operational
IRNA – Secretary General of the European External Action Service (EEAS) just minutes after a meeting of the joint commission on the…
INSTEX must meet Iran’s demands: FM spox
MNA – Iranian Foreign Ministry Spokesman Abbas Mousavi said Friday that the EU’s trade mechanism for Iran dubbed “INSTEX” must meet Iran’s…
Europe to announce first credit line for Instex: WSJ
Press TV – A new report in the Wall Street Journal has suggested that the three European parties to a landmark nuclear…
INSTEX may soon be ready: EU’s Mogherini
Tasnim – European Union Foreign Policy Chief Federica Mogherini said INSTEX -a payment channel that the three EU signatories to the JCPOA…
INSTEX not to work miracles, Europeans should purchase Iranian oil
MNA – “I do believe that INSTEX will not work miracles; monetary transactions should be done via it and for that Europeans…
Russia will help Iran with oil, banking if payment channel not launched: Ryabkov
Press TV – Russia has signaled its willingness to secure Iran’s interests in the oil and banking sectors if Europe’s non-dollar mechanism…
FATF gives Iran until Oct. to complete reforms
Tasnim – The Financial Action Task Force (FATF) said Iran had until October to meet international standards against money-laundering and terror financing.…
Senior EU diplomat expresses support for JCPOA
Tasnim – The EU’s second most senior diplomat affirmed the bloc’s support for the 2015 nuclear deal between Tehran and world powers,…
Iranian speaker deplores futility of INSTEX
Tasnim – Iran’s Parliament speaker denounced the fruitlessness of a payment channel that the three EU signatories to the 2015 Iran nuclear…
Larijani stresses EU trade channel for Iran must include oil sales
MNA – The Speaker of the Iranian Parliament Ali Larijani says that the EU financial mechanism to help Iran skirt US sanctions…
INSTEX: More about politics than economics?
Atlantic Council | Mohsen Tavakol : Ever since the US withdrawal from the Iran nuclear deal in May 2018, the European Union…
US weighs more Iran sanctions over potential trade with Europe
Bloomberg | Nick Wadhams: The Trump administration is weighing sanctions against the Iranian financial body set up as a go-between for humanitarian…
German FM hopes INSTEX to operate soon with first transaction
IRNA – German Foreign Minister Heiko Maas hoped on Tuesday that the Instrument in Support of Trade Exchanges (INSTEX) would operate soon…
Envoy says US set to paralyze INSTEX to thwart European diplomacy
IRNA – Iranian ambassador to the UK Hamid Baeidinejad warned on Tuesday that US will paralyze the Instrument in Support of Trade…
Economic benefits of Iran not realized: German FM
MNA – German foreign minister Heiko Maas said in his meeting with Iranian counterpart that the economic benefits of Iran were not…
Iran has lost hope in long-awaited INSTEX: FM spox
MNA – Iran’s Foreign Ministry Spokesman says Tehran has lost any hope of seeing the EU’s long-awaited trade mechanism (INSTEX) for Iran…
German minister upbeat on Iran trade vehicle before Rouhani talks
Reuters – All the formal requirements for a European payment system for barter-based trade with Iran designed to circumvent U.S. sanctions are…
Netherlands plans to join INSTEX
Tehran Times – The Dutch government announced that it plans to join the financial mechanism of Instrument in Support of Trade Exchanges…
Russia calls on Europe to join Iran trade mechanism
MNA – A Russian diplomat has said that Moscow is in talks with Europeans to be included in the EU’s proposed trade…
US warns Europe that its Iran workaround could face sanctions
Bloomberg | Jonathan Stearns and Helene Fouquet: The Trump administration escalated its battle with European allies over the fate of the Iran…
Over 100 European SMEs eye Iran oil: CEO of SIPIEM
MNA – Reza Khayamian, CEO of SIPIEM, said 110 European SMEs were ready to operate oil and gas projects in Iran despite…
Europe facing ‘huge pressure’ from US over Iran trade channel – French minister
Reuters – European powers are facing huge pressure from the United States to drop its proposed trade channel with Iran and it…
Senior MP says EU unlikely to implement INSTEX
MNA – Chairman of Parliament’s national security commission voiced doubt over the implementation of an EU-designed payment channel (INSTEX) for Iran to…
Iran should not expect something special from EU: ex-envoy
MNA – A former Iranian diplomat said that European countries will not do something special during the next two months to ensure…