Special Purpose Vehicle (SPV)

Iran’s ambassador to the United Nations says the Instrument in Support of Trade Exchanges (INSTEX) is like a beautiful car which is out of gasoline.

An Iranian lawmaker says the INSTEX, the European financial mechanism aimed at keeping economic ties with Iran normal amid the US sanctions, does not meet Iran’s interests as it is being implemented too late.

Iran says some progress had been made at a meeting with world powers on the 2015 nuclear accord, but that is “still not enough” to keep the landmark 2015 deal alive.

Iran and other parties to the Joint Comprehensive Plan of Action have wrapped up a key meeting of the JCPOA by releasing a joint statement.

Iranian Deputy Foreign Minister for Political Affairs Abbas Araqchi says Europe’s inaction leaves Iran with no choice but to stop a one-way commitment to the 2015 nuclear deal.

Iranian Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi says the Europeans' failure to fulfil their commitments under the Iran nuclear deal has left Iran no choice but to stop honouring its obligations.

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.

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.

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

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.

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 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 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.

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.

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.

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.

Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran.

The head of Europe's Instrument in Support of Trade Exchanges (INSTEX) with Iran is in Tehran to discuss how to put the special mechanism into force.

While the US companies have doubled their trade volume with Iran, Washington continues to ban the European Union firms from doing business with the country, said a senior German official.

Iran’s Deputy Foreign Minister Abbas Araqchi called on Europe to adopt practical measures for saving the 2015 Iran nuclear deal and intensify efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei never trusted Europeans with their pledge to save the 2015 Iran nuclear deal, a new video clip released on Monday shows.

There are indications that Europe does not really intend to ease the pressure of Washington’s sanctions on Iran despite establishing a special purpose vehicle named INSTEX, a conservative Iranian daily has argued.

Iranian Foreign Minister Mohammad Javad Zarif says the Islamic Republic will withdraw from the Iran nuclear deal if the majority of the public calls for that.

Iran’s nuclear chief says the Financial Action Task Force’s extension of its anti-Iran measures shows the global anti-money laundering body doesn’t want to create a “deadlock” in its relations with Iran.

The German ambassador to Tehran has denied the allegation that the European Union has set conditions for implementing its special purpose vehicle for trade with Iran, but at the same time noted that European banks would not work with Tehran if the country fails to adopt the FATF standards.