Sunday, 20 December 2020_Iran says the Instrument in Support of Trade Exchanges ( INSTEX ), the financial mechanism proposed by Europeans to enable Iran to get round US sanctions, has failed to prove itself effective in the past two years.
TEHRAN, Sept 18 -A number of European banks and firms have expressed readiness to engage in Europe’s proposed financial channel, called INSTEX , which is aimed at helping Iran circumvent the US’ sanctions in its foreign trades, the new INSTEX president said on Tuesday.
TEHRAN, August 19 - Finnish Foreign Minister Pekka Haavisto voiced his country’s support for INSTEX , a financial mechanism that the European Union has developed to maintain trade with Iran and bypass the US sanctions.
TEHRAN, Jul 28 - The INSTEX payment mechanism for trade with Iran and the situation around the heavy water reactor in Iran’s central city of Arak will be among the main topics at the upcoming meeting of the Joint Commission of the JCPOA in Vienna on Sunday, the Russian deputy foreign minister said.
TEHRAN, Jul 26 - A former Finnish labor minister said US secondary sanctions against Iran are preventing INSTEX , a financial mechanism proposed by the EU for securing trade ties with Iran, from becoming operational.
TEHRAN, Jul 18 - Russia has signaled its willingness to join an EU payments channel designed to circumvent US sanctions banning trade with Iran, but has called on Brussels to expand the new mechanism to cover oil exports.
TEHRAN, Jul 1 - Chairman of the Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq highlighted the ineffectiveness of the Europeans’ long-awaited financial mechanism, known as INSTEX , in the face of US sanctions and said it cannot perform miracles for Tehran.
TEHRAN, Jun 30 - The governor of the Central Bank of Iran (CBI) has proposed that a financial mechanism initiated by European powers to circumvent US sanctions on Iran, known as Instex, could be funded by future sales of Iran’s oil so that trade between Tehran and Europe can continue.
TEHRAN, Jun 27 - European governments will provide a credit line to help a special mechanism establish a route for trade between Iran and the West, a report said.
TEHRAN, Jun 26 - European Union Foreign Policy Chief Federica Mogherini said INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran- is expected to be launched in the near future.
TEHRAN, Jun 16 - Iranian Parliament Speaker Ali Larijani has criticized France for its inaction in preserving the 2015 nuclear deal, saying a European-proposed financial mechanism meant to protect trade ties with Iran against the US sanctions is still “on paper”.
TEHRAN, Jun 10 - Criticizing Europeans for not adhering to Iran nuclear deal, Iranian FM Spokesman asserted that If the European party did not fulfill Iran’s expectations of the deal after the determined 2-month deadline, Iran would take its second step resolutely.
TEHRAN, Jun 10 - Germany’s foreign minister has arrived in Tehran on Monday, as part of a European effort to preserve Iran’s nuclear pact and discuss the implementation of European financial channel ' INSTEX '.
TEHRAN, May 11 - Germany said Berlin, Paris, and London are making all-out efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.
TEHRAN, Apr 18 - Foreign minister of Iran announced plans for the launch a financial mechanism between Tehran and Ankara similar to INSTEX , the payment channel that the three EU signatories to the 2015 Iran nuclear deal have set up to maintain trade with Tehran.
TEHRAN, Apr 14 - Iran has once again complained about a delay by European partners in the 2015 nuclear deal to make operational a non-dollar direct payment channel with Tehran, saying they now have "no excuse" for further postponement of the project.
TEHRAN, Mar 17 - A member of the Iranian parliament’s presiding board warned that the European Union’s mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges ( INSTEX ) has been developed to control the Islamic Republic’s oil revenues.
TEHRAN, Mar 16 - Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said a mechanism commensurate with the European Union’s mechanism for trade with Iran, known as the Instrument in Support of Trade Exchanges ( INSTEX ), will be established in the country soon.
TEHRAN, Mar 12 - The president of the European Union’s financial mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges ( INSTEX ) has traveled to Tehran to hold talks with senior Iranian officials on ways to make the mechanism operational.
TEHRAN, Mar 05 - Iran’s Deputy Foreign Minister Abbas Araqchi called on Europe to adopt practical measures for saving the 2015 Iran nuclear deal and intensify efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.