About: INSTEX
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.
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.
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.
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.
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...