EghtesadOnline: Europe has no excuse for delaying the operationalization of its special payment channel, as Iran has now established the corresponding entity, Iran's top diplomat said.
EghtesadOnline: Iran’s trade with the European Union through the special purpose vehicle, which is aimed at bypassing American sanctions, should not be restricted to the three founders of the mechanism and must be expanded to all EU states, a lawmaker said.
EghtesaadOnline: European countries, other than the founders of INSTEX, namely France, Germany and the UK, are willing to join the special purpose vehicle that facilitates trade with Iran, the economic and commercial counselor of Belgian Embassy in Iran said.
EghtesadOnline: Governor of the Central Bank of Iran said the corresponding entity to the Special Purpose Vehicle known as INSTEX created by the European Union to enable non-dollar trade with Iran will be registered soon in Tehran.
EghtesadOnline: President of Europe's Special Purpose Vehicle known as INSTEX, Per Fischer, is in Tehran to attend talks between Iranian authorities and representatives from France, Germany, Britain, and the European Union on how to best implement the payment channel.
EghtesadOnline: An Italian Foreign Ministry official says his country is reviewing details about the newly developed financial mechanism known as INSTEX and is considering joining it.
EghtesadOnline: A number of countries are holding negotiations with Europe to use their newly-registered special financial mechanism to continue their non-dollar trade with Iran.
EghtesadOnline: Foreign Minister Mohammed Javad Zarif said on Sunday that the newly established mechanism for trade with Iran has fallen short and urged Europe to show more determination to salvage the 2015 nuclear deal following the US exit.
EghtesadOnline: Three European signatories to the Iran nuclear deal—formally known as the Joint Comprehensive Plan of Action—namely Germany, France and Britain, have proposed to limit the scope of INSTEX, the long-awaited mechanism for facilitating trade with Iran, to pharmaceutical, medical devices and agrifood in its initial phase, Iran’s Ambassador in London Hamid Baeidinejad said on Twitter.
EghtesadOnline: Europe unveiled its long-awaited mechanism for facilitating trade with Iran by circumventing US global financial dominance on Thursday and the move received a mixed response in Tehran’s commercial corridors.