On Friday six European countries issued a bombshell joint statement declaring their intent to join INSTEX, or the Instrument in Support of Trade Exchanges, a European special-purpose vehicle serving as a ‘SWIFT alternative’ to bypass US sanctions on Iran. Finland, Belgium, … Read More
The EU has urged Iran to show “maximum restraint” in handling protests that have rocked the country in recent days. Iranian officials, meanwhile, have arrested protest leaders and imposed a near-total internet blackout. A spokeswoman for the EU on Thursday … Read More
The special purpose vehicle INSTEX aims to facilitate trade between the EU and Iran to get around US sanctions. DW examines how it will work, the players and its possible impact. Germany, France, and Britain have launched an EU-backed system … Read More
The EU has created a mechanism that will allow European countries to trade with Iran despite US sanctions. The move is an attempt to show goodwill toward Iran and keep it in the 2015 nuclear deal. The European Union announced … Read More
“If we cannot sell our oil and we don’t enjoy financial transactions, then I don’t think keeping the deal will benefit us anymore.” Iran’s nuclear chief said on Tuesday he was warning the European Union’s top diplomat that Tehran’s patience … Read More
EUROPE’S attempts of desperately savaging the nuclear deal with Iran are backfiring as the continent’s leaders are “not following an appropriate path”, a powerful Iranian cleric warned. Ayatollah Ahmad Jannati, a leading anti-Western cleric, hit out at Europe for the … Read More