Bourse and Bazaar | Tytti Erst: In return for limits to Irans nuclear activities under the 2015 agreement, or the Joint Comprehensive Plan of Action (JCPOA), the other sidethe United States, the EU/E3 (France, Germany and the UK), China and Russiawere supposed to lift sanctions on the country. The US opted out of this compromise in May 2018 by withdrawing ...

IRNA Iran's Ambassador to Paris Bahram Qasemi believes that INSTEX- Instrument In Support of Trade Exchanges- should concentrate on countering the US unilateralism and its illegal acts. Europe which is interested in the world of multilateralism should make more efforts to be faithful to its commitments and do its duties, Qasemi tweeted. On the ...

Euronews | G.Hossein Dehghani: July 14 marks the fifth anniversary of the conclusion of the Joint Comprehensive Plan of Action (JCPOA), or the Iran Nuclear Deal. It takes place against a gloomy and bleak backdrop. Years from now, when historians recount what happened in this era, they will presumably note the incipient end of the JCPOA as the beginning ...

Tasnim Irans deputy foreign minister for economic diplomacy expressed dissatisfaction with the volume of transactions that Tehran has been able to carry via a financial mechanism the EU has devised for trade with the Islamic Republic, known as INSTEX. In an interview with IRIB, Gholam Reza Ansari said although the Instrument in Support of Trade ...

Radio Farda - An official of the Iranian Customs on Sunday confirmed that a fourth consignment of pharmaceutical ingredients purchased from Germany worth around 259,000 euros (about $280,000) has been delivered to Iran. According to the Managing Director of Bazargan Customs Office, the first consignment of the ingredients for use in Iran's pharmaceutical ...

Iranian Diplomacy | Ellie Geranmayeh and Esfandyar Batmanghelidj: Iran became an early epicentre of the COVID-19 outbreak due to its close political and economic relations with China. Yet the Iranian healthcare sector overwhelmingly depends on European medicine and medical devicesproducts that China has been unable to replace. While the European Union ...

IRNA Foreign Ministry spokesman Abbas Mousavi said on Monday that INSTEX launched by the EU states carried transactions for medical and emergency supplies, adding that Iran expects the EU partners to implement other commitments to Iran as well. Addressing Monday video press conference, Mousavi said interactions can be done through INSTEX, but it ...

Bourse and Bazaar | Esfandyar Batmanghelidj: The Germany foreign ministry announced on Tuesday that INSTEX, the Iran trade mechanism backed by nine European states, has completed its first transaction. "France, Germany and the United Kingdom confirm that INSTEX has successfully concluded its first transaction, facilitating the export of medical ...

Bourse and Bazaar | Esfandyar Batmanghelidj and Sahil Shah: Over the last few months, the mission of INSTEX has grown significantly more complicated. Tensions between the United States and Iran have reached new highs following theassassination of Iranian Major General Qassem Soleimani, and European leaders have called for de-escalation as fears grow ...

DW - The Iran nuclear deal is hanging on by a thread, and the European Union wants to salvage it through a special trade mechanism with Tehran. So far, however, it is proving ineffective. Since withdrawing from the Iran nuclear deal in May 2018, the US has imposed a range of sanctions on Tehran that are hurting Iran and countries across Europe. ...

Foreign Policy |Tanvi Ratna: As the United States expands its sanctions, Iran has been ramping up its use of cryptocurrencies to get around them. In narrow terms, the economic sanctions imposed by the United States on Iran in the last two years have been effective, shrinking the Iranian economy by 10 to 20 percent. But they have also accelerated ...

MNA Chairman of the Iranian Parliament National Security and Foreign Policy Commission Mojtaba Zonnour said that if the EU-proposed INSTEX is operationalized, Tehran may reconsider taking the fifth step in reducing its commitments to the nuclear deal. In case the signatories to the JCPOA, especially the Europe, operationalize the INSTEX and sanctions ...

Tasnim Iranian Foreign Minister Mohammad Javad Zarif said a financial mechanism that the EU has devised for trade with Iran in defiance of the US sanctions could take effect in future. Speaking to reporters upon his arrival in Istanbul on Monday, Zarif called on the European parties to the 2015 nuclear deal to honor their commitments to the Joint ...

IRNA - Recently six European countries have voiced readiness to join the trade mechanism called INSTEX in a bid to give a late response to US withdrawal from the 201 nuclear agreement. However, actions speak louder than words. What Iran has seen so far are mere words. A Joint Commission of the Joint Comprehensive Plan of Action (JCPOA) will be convened ...

IRNA Iranian Foreign Minister Mohammad Javad Zarif described as positive recent decision made by six European countries for joining the Instrument in Support of Trade Exchanges (INSTEX). Earlier in a statement Belgium, Denmark, Sweden, Finland, Norway, and the Netherlands had announced that "in light of the continuous European support for the agreement ...

IRNA UK Ambassador to Iran Rob Macaire referred to the E3 statement on 6 European states joining INSTEX saying it shows that the UK will work to support trade if the JCPOA continues. "INSTEX shows we will work to support trade which benefits all Iranians as long as the JCPOA continues," Macaire wrote on his Twitter account. "As founding shareholders ...

Press TV - Israeli Prime Minister Benjamin Netanyahu has slammed European countries for joining a new mechanism aimed atmaintainingtradewith Iran despite US sanctions. In a video released on Sunday, Netanyahu saidEuropean countries should be ashamed of themselves for pursing trade with Iran, claiming that they were enabling Tehran to develop nuclear ...

Tehran Times - France, Germany and the United Kingdom have issued a joint statement welcoming a decision by Belgium, Denmark, Finland, the Netherlands, Norway and Sweden to join the Instrument in Support of Trade Exchanges (INSTEX). As founding shareholders of the Instrument in Support of Trade Exchanges (INSTEX), France, Germany and the United ...

IRNA | Ali Izadi: The Netherlands' Ambassador to Tehran Jacques Werner says the Instrument in Support of Trade Exchanges (INSTEX) primarily aims to counterbalance re-imposition of sanctions against Iran. He made the remark during an interview with IRNA correspondent which took place at the sideline of an expert seminar attended by officials ...

Press TV - US ambassador to Germany Richard Grenell has intensified his anti-Iran rhetoric by slamming six European countries for their decision to join a financial mechanism meant to circumvent American sanctions on Tehran. Grenell took to the Twitter in Friday to bash Norwegian ambassador to Iran Lars Nordrum for an announcement that his country ...