INSTEX

RT | March 3, 2020

Over a year since its launch, the EU’s INSTEX financial mechanism – designed to facilitate trade with sanctions-hit Iran – has not carried out any operations, Iran’s ambassador to Russia Kazem Jalali has revealed.
“The Europeans have developed the INSTEX mechanism, but to date, as I’m talking to you, no transactions have been made,” Jalali said during a meeting with Konstantin Kosachev, chair of the Foreign Affairs Committee in the Russian senate.

Authored by Philip Giraldi via The Strategic Culture Foundation:

Europe announced that Instex, a special trade channel that circumvents SWIFT, is operational and will be used by Europe to buy Iranian goods, and vice-versa, without actual money-transfers between banks. Critics worry that Trump could retaliate with sanctions against European banks.

On the 40th anniversary of the Islamic Revolution, this past Friday, Supreme Leader Ayatollah Khamenei made an effort to express Iran’s geopolitical stance in simple terms: ‘We have good relations with all nations in the world, we don’t want to break relations with any European nation’, and an explanation of the slogan ‘Death to America’.
The Ayatollah said ‘Death to America’ “means death to Trump, John Bolton, and Mike Pompeo. It means death to American rulers. We have no problems with the American people.”

By Martin JAY | Strategic Culture Foundation | 08.02.2019 At the end of September, the European Union unveiled plans to help Iran bypass sanctions imposed by the US, so that it could sell oil and even trade with EU countries. The move followed Trump finally losing his patience over the so-called Iran Deal – a […]

Press TV – February 4, 2019 Iran’s Judiciary Chief Ayatollah Sadeq Amoli Larijani says the Islamic Republic will never give in to humiliating conditions set by Europe for the enforcement of its new non-dollar mechanism aimed at facilitating trade with the Islamic Republic. Addressing a meeting of high-ranking judicial officials on Monday, Iran’s top judge […]

In a move sure to unleash fury from the Trump administration, the European Union has announced it has set up a transactions channel with Iran to bypass U.S. sanctions. The launch of INSTEX — or “Instrument in Support of Trade Exchanges” — by France, Germany, and the UK will allow non-dollar trade with Iran and is being described as facilitating humanitarian goods-related transactions only, including food, medicine, and medical equipment.