Finland, Belgium, Denmark, Netherlands, Norway, and Sweden released a joint statement asserting it’s of “the utmost importance to the preservation and full implementation of the Joint Comprehensive Plan of Action (JCPoA) on Iran’s nuclear program by all parties involved.”

“In light of the continuous European support for the agreement and the ongoing efforts to implement the economic part of it and to facilitate legitimate trade between Europe and Iran, we are now in the process of becoming shareholders of the Instrument in Support of Trade Exchanges (Instex) subject to completion of national procedures,” the statement reads.

The Foreign Minister of Finland Pekka Haavisto alongside Foreign Minister of Iran Mohammed Javad Zarif. AP Photo

Instex is an initiative set up by France, Germany and the UK in January 2019 to provide humanitarian and sanctions relief to Iran after in November 2018 the SWIFT network suspended Iranian banks under Washington pressure, months after Trump pulled the US out of the nuclear deal.

Though the new alternative financial device had shaky beginnings amid further aggressive threats from the US administration, it continued through a trial phase even though Tehran officials had complained it appeared ‘too little, too late’.

But now as this latest six-country statement announces, it will serve as the European vehicle to “facilitate legitimate trade between Europe and Iran,” while also providing incentive for Tehran to return to its commitments under the JCPOA, specifically to recently breached uranium enrichment limits. Upon the announcement, US Ambassador to Germany Richard Grenell lambasted the move, saying:

Terrible timing – why fund the Iranian regime while its killing the Iranian people and shutting off the internet? You should be standing for human rights not funding the abusers.

The post US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions first appeared on Garner Ted Armstrong Evangelistic Association.

‘Germany always supports the international agreement and won’t spare any effort for its survival,’ German Envoy Michael Klor-Berchtold told Amir Abdollahian, especial aide to the Iranian parliament speaker.

The Iranian official criticized Europe, especially Germany, France and the UK, the three co-signatories to the Iran nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA) for not taking practical moves to show their support for the nuclear treaty.

He referred the to European payment channel for trade with Iran, called Instrument in Support of Trade Exchanges (INSTEX), and stressed that Iranians’ distrust for Europe has risen as the mechanism hasn’t become operational so far.

‘The European diplomacy hasn’t performed well against the US incorrect behaviour,’ Amir Abdollahian said.

INSTEX was created on January 31 and its president and supervisory board have been appointed. Iran has also created a counterparty to INSTEX called Special Instrument for Trade and Financing between Iran and Europe (STFI). Neither of these channels has had any trade exchange so far.

Source: http://www.irna.ir/en/News/83315812

The post Germany vows to save nuclear deal with Iran first appeared on Garner Ted Armstrong Evangelistic Association.