Ambassadors of Britain, France and Germany in Tehran said in a statement that the three countries are committed to working with Iran to deliver the first transaction of the Europe’s proposed financial mechanism for trade with Iran as quickly as possible.
Director of the Instrument in Support of Trade Exchanges (INSTEX) Per Fischer announced that the European financial system is seeking to conduct its first transaction with its Iranian counterpart at the earliest time, according to Iran’s envoy to London.
The INSTEX mechanism set up by France, Britain and Germany for Iran to skirt US sanctions is making positive progress, said the French Foreign Ministry on Tuesday, as it responded to the latest moves by the US government to put pressure on Iran.
The Netherlands’ Ambassador to Iran Jacques Werner said the European Union is still a partner to Iran nuclear deal and is following up a financial mechanism introduced by the bloc to facilitate trade with Iran.
Iran’s Foreign Ministry spokesman Bahram Qassemi said a European delegation is scheduled to visit Tehran to discuss a financial mechanism introduced by Europe to facilitate trade with Tehran, according to IRNA.
Iran's Judiciary Chief Ayatollah Sadeq Amoli Larijani says the Islamic Republic will never give in to humiliating conditions set by Europe for the enforcement of its new non-dollar mechanism aimed at facilitating trade with the Islamic Republic.
Iran's nuclear chief says the establishment of a new mechanism to ease trade with Iran despite US sanctions is a promising step but the Europeans must act more swiftly and adopt final measures in this regard.
China has praised the European Union's "determination" to keep a historic 2015 nuclear agreement with Iran alive by establishing a mechanism to facilitate trade with the country despite the "toughest ever" sanctions imposed by the United States against the Islamic Republic.
The Instrument in Support of Trade Exchanges (INSTEX) — Europeans' special financial mechanism — with Iran will make European firms immune to US pressures, said Iran's roads and urban development minister on Friday.