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Italy Ponders INSTEX Membership

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.
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Publish Date:09/March/2019 | 15:31

States in Talks With Europe to Use INSTEX

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.
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Publish Date:19/February/2019 | 11:22

Zarif: Europe Needs to Step Up Efforts to Save Nuclear Deal

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.
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Publish Date:18/February/2019 | 13:51

Iran's Envoy to UK: INSTEX Focused on Medicines, Agrifood in Initial Phase

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.
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Publish Date:10/February/2019 | 11:27

Ambivalence Surrounds INSTEX for Iranian Businesses

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.
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Publish Date:05/February/2019 | 15:14

Iranian Lawmakers Adopt Wait-and-See Approach Toward INSTEX

EghtesadOnline: The European Union's newly-created special purpose vehicle aimed at facilitating legitimate trade with Iran needs time to prove effective in rescuing Iran's troubled economy under harsh American sanctions, Iranian parliamentarians said.
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Publish Date:03/February/2019 | 14:29

EU Unveils New Trade Mechanism for Trade with Iran: INSTEX

EghtesadOnline: In a joint statement on Thursday, French, German and UK Foreign Ministers announced the establishment of ' INSTEX ' the long-awaited mechanism created for facilitating trade with Iran.
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Publish Date:02/February/2019 | 15:24

Iran Welcomes EU's "Belated" Move to Open Payment Channel

EghtesadOnline: Officials in Tehran welcomed the creation of a channel with Iran called INSTEX by Europe, to help continue trade and circumvent unilateral US sanctions re-imposed after Washington withdrew from the international 2015 atomic deal signed with Iran in 2015.
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Publish Date:02/February/2019 | 15:14