The EU launched the mechanism INSTEX
The EU will trade with Iran to bypass U.S. sanctions – has launched a special mechanism of transactions with Tehran, which is called INSTEX ( a Tool to support trade exchanges).
About the beginning of this special settlement mechanism was officially announced on January 31 in Bucharest, at the informal meeting of foreign Ministers of the European Union, according to Politico.
“This mechanism will ensure the right to trade with Iran,” – said the head of EU diplomacy Federica Mogherini.
“The lifting of sanctions is an important aspect of” Joint comprehensive plan of action “- the Iranian nuclear deal. The tool, launched today, will allow economic operators the necessary basis for the exercise of legitimate trade with Iran,” – said Federica Mogherini.
Introduction INSTEX were greeted by the French foreign Minister Jean-Yves Le Drian. He said that his country is ready to support trade with Iran as long as Teheran holds nuclear deal in accordance with the IAEA regulations.
By the way, the office of the organization that will be responsible for the work of the new mechanism of calculations, is placed in Paris.
“This will allow European companies that wish to continue legitimate trade with Iran,” said Drian, adding that we are talking primarily about medical and food sector.
Approved innovation and the Minister of foreign Affairs of Germany Heiko Maas.
“Only if Europe is to meet its obligations, we will also be able to require Iran to comply with nuclear agreement,” – said the German Minister in Bucharest. In addition, he believes that the move shows the cohesion of the EU.
In addition to Drian and Maas, approved the new framework settlement with Iran, and British foreign Secretary Jeremy hunt.
In their joint statement, three leading EU member States assured that INSTEX developed “in accordance with the highest international standards of counteraction to money laundering and financing of terrorism, and the sanctions the EU and the UN”.
Note, the EU announced its intention to establish a mechanism for financial transactions to maintain trade relations with Iran in circumvention of U.S. sanctions last autumn. He was supposed to begin in December 2018.
Recall, trump has threatened consequences of doing business with Iran. The US President stressed that anyone who does business with Iran, will not have anything to do with his country.
As reported by the portal Znayu trump back sanctions against Iran
Also Znayu wrote the Iran nuclear invented the 7 “commandments” for Europe. Iran’s Supreme leader Ayatollah Ali Khamenei has put forward 7 conditions, compliance with which will allow you to keep the commitment of the Tehran nuclear deal.