About: INSTEX

Global Europe 07-04-2020

Iran says European INSTEX barter system ‘good omen’ but insufficient

Iran on Monday (6 April) welcomed the launch of a European barter system to bypass US sanctions as a "good omen" but said it was insufficient in light of the Europeans' commitments.
Global Europe 01-04-2020

EU’s INSTEX mechanism facilitates first transaction with pandemic-hit Iran

The EU says that its Iran-trading mechanism INSTEX, designed to allow Europeans to bypass US sanctions and continue trade with Tehran, has successfully concluded its first transaction. However, the humanitarian deal actually doesn't appear to contravene EU sanctions.
Global Europe 14-01-2020

INSTEX fails to support EU-Iran trade as nuclear accord falters

Three European powers, France, Britain and Germany, informed the EU on Tuesday (14 January) that they are triggering a dispute mechanism in the Iran nuclear deal following renewed violations of the deal by Tehran. “We have been left with no...

Iran ready to ‘stand down’ says Trump, urges greater NATO involvement in Middle East

US President Donald Trump said on Wednesday (8 January) that Iran appeared ready to 'stand down' from further conflict with the US, stating that Iranian missile strikes on bases in Iraq had not harmed any US troops stationed there.
Global Europe 02-12-2019

Israel slams new European recruits to Iran barter system

Israeli Prime Minister Benjamin Netanyahu on Sunday (1 December) denounced six new European members of a barter mechanism with Iran, saying it encouraged Tehran's repression of protests.
Global Europe 29-11-2019

Six European countries join EU-Iran financial trading mechanism INSTEX

Finland, Belgium, Denmark, Netherlands, Norway, Sweden will join the INSTEX mechanism for trade with Iran, the six countries declared in a joint statement on Friday (29 November) ahead of further talks between parties to the Iran nuclear deal in Vienna next week.

EU urges Iran’s full compliance with nuclear deal

EU ministers called for Iran to fully comply with its embattled nuclear deal, and reiterated their regret at the US’ withdrawal, at a foreign affairs ministers meeting in Brussels on Monday (15 July). EU ministers discussed how to preserve the...

Europe calls for ‘urgent restraint’ as US hits Iran with extra sanctions

The European Union called for an "immediate de-escalation" of tensions in the Middle East on Monday (24 June), as the US government announced new "hard-hitting" sanctions on Iran after launching a series of cyber attacks on the country last week.
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