Tag: Special Purpose Vehicle (SPV)

Iran's Foreign Ministry Spokesman Saeed Khatibzadeh says Ignazio Cassis, the head of Switzerland's Federal Department of Foreign Affairs (FDFA), will visit Tehran at the head of a delegation in coming days.

An Iranian official says the EU’s financial mechanism to facilitate trade with Iran known as INSTEX is not meeting the country's needs to confront the Coronavirus.

Europe seems to be using INSTEX  as a tool to prevent the total collapse of the Iran nuclear deal and to maintain its independence against the US, but is that the whole story?

A Swiss senior official has said that the financial channel between Switzerland and Iran has had a flying start as 50 companies have expressed keenness to trade through the so-called humanitarian channel.

Iran’s Ambassador to Russia Kazem Jalali says Europe's special financial mechanism, which was supposed to facilitate trade with Iran in the face of US sanctions, have been of no use since its launch.

Tehran has criticized the media hype regarding Switzerland’s launch of what it calls a “humanitarian” channel for the import of medicine into Iran in the face of US sanctions, saying the move was helpful but not much worth highlighting as it was fully paid for by the Iranian nation’s money.

Governor of Iran's central bank says as long as the Europeans do not buy Iran’s oil and Tehran does not receive the oil revenues, the European financial mechanism known as INSTEX will be of no use.

The Joint Commission on Iran’s nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) has wound up its meeting in Vienna, Austria, by issuing a final statement.

Iran’s Foreign Minister Mohammad Javad Zarif has urged European countries, Sweden in particular, to allow the sale of wound dressings to Iranian kids suffering from the epidermolysis bullosa (EB) instead of making threats against Iran.

Iran's Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi has hailed the reports that six other European countries are joining the special financial mechanism known as INSTEX, saying that Tehran hopes the move will give new energy to the mechanism and make it operational.