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Tag: Special Purpose Vehicle (SPV)

INSTEX Not Translated into Reality Yet: Iran

Iranian Parliament Speaker Ali Larijani says the financial mechanism proposed by the EU to normalize economic ties with Iran after the US withdrawal from the 2015 nuclear has not yet been translated into reality, and is only on paper.

Iran, EU Discuss JCPOA, INSTEX in Tehran

Secretary General of the European External Action Service Helga Schmid and Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi have discussed a range of issues in a meeting in Tehran.

US Seeks to Kill INSTEX by Imposing New Sanctions

The Trump administration is now weighing sanctions on Iran’s counterpart to the European special-purpose vehicle for humanitarian trade, Bloomberg says.

German FM Due in Iran Monday

Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi has confirmed that German Foreign Minister Heiko Maas will visit Tehran on Monday at the head of a high-ranking delegation.

Iran Says Ball of Implementing INSTEX in Europe’s Court

The CEO of Iran Special Trade and Finance Institute (STFI) says Tehran has set up the mirror mechanism proportionate to the EU's INSTEX channel and now the ball is in the Europeans’ court to run the Instrument in Support of Trade Exchanges to protect trade with Tehran.

Iranian, British Diplomats Discuss JCPOA in Tehran

Iranian Deputy Foreign Minister for Political Affairs Abbas Araqchi has held talks with Richard Moore, the Director General for Political Affairs at the UK Foreign Office who is in Tehran at the head of a delegation.

Iran’s SATMA, EU’s INSTEX to Do First Transaction Soon

Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.

Europeans Have No Excuse for Delaying INSTEX Launch: Iran

Iran’s foreign minister has criticised the European signatories to the 2015 nuclear deal for delaying the enforcement of a non-dollar payment channel, known as INSTEX, aimed at facilitating trade with Tehran under the US sanctions.

Iran FM, Top Italian Lawmaker Hold Talks in Tehran

Iranian Foreign Minister Mohammad Javad Zarif has discussed issues of mutual interest in a meeting with Vito Rosario Petrocelli, the president of the Foreign Affairs Committee of the Senate of Italy.

Iran Leader Slams Europe’s INSTEX as ‘Sad Joke’

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei lashed out at the European states’ for their lack of commitment to fulfilling undertakings under 2015 Iran nuclear deal.

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