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Iranian President Hassan Rouhani says the Islamic Republic will increase the level of its uranium enrichment as part of the second phase of reducing its nuclear deal commitments on July 7, when the 60-day deadline it had given the Europeans will end.
Iran’s Foreign Ministry Spokesman says the way that the European financial mechanism, INSTEX, is currently being implemented is not what Iran has been asking for.
Iran says the special payment mechanism introduced by Europe to bypass the US sanctions on Iran, known as INSTEX, shows even Washington’s closest allies are distancing themselves from the US.
Iranian conservative daily Kayhan has warned the administration of Hassan Rouhani against accepting the INSTEX, a special trade mechanism proposed by Europe, saying that Tehran must not be deceived by the “void” package once more.
The governor of the Central Bank of Iran (CBI) says the country has plans to work independently from the European Instrument in Support of Trade Exchanges (INSTEX), which has so far failed to help Iran reap the benefits of the Iran nuclear deal in the face of the US bans.
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.