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Trump aims to reduce isolation on Iran in Warsaw Summit

Trump aims to reduce isolation on Iran in Warsaw Summit

A university professor in the US believes: «The Trump administration is trying to reduce its isolation on the Iran issue by doing whatever it can to generate widespread hostility toward Iran.  The conference in Poland is part of this effort.» After months of speculation, France, Germany, and the UK finally announced a financial mechanism called INSTEX three days ago to work with Iran despite US sanctions. Nevertheless, Europe has set conditions to launch the mechanism based on Iran joining the FATF. The Iranian Spokesperson for the Ministry of Foreign Affairs had announced earlier that pre-conditions were unacceptable for the European financial channel. US actions in the shape of regional trips by Pompeo to the Middle East and staging a summit in Poland, plus the announcement that it will not renew sanctions relief for buyers of Iranian oil all show continued pressure on Iran.

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Can Instex save the Iran nuclear deal?

Can Instex save the Iran nuclear deal?

Germany, France and the UK have created a special financial channel to enable trade with Iran to continue despite the reimposition of US sanctions on Tehran. The new mechanism, unveiled by the so-called E3 last week, is an attempt to save a landmark international nuclear deal after Donald Trump pulled the US out of it last May.

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Doubts set in re INSTEX efficacy

Doubts set in re INSTEX efficacy

An international affairs expert in Iran believes: “Making INSTEX conditional on the FATF or our missile program means even optimists inside Iran cannot support it. As such, doubts have increased about the efficacy of this mechanism.”

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Instrument in Support of Trade Exchanges for Iran

Instrument in Support of Trade Exchanges for Iran

On 24 September 2018 the foreign ministers of the remaining signatories to the JCPOA agreed to create a SPV (Special Purpose Vehicle) on the sidelines of the UN General Assembly to enable European companies to continue legitimate transactions with Iran in accordance with EU law.

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France, Germany, UK share of SPV mechanism

France, Germany, UK share of SPV mechanism

The head of Iran’s Trade Promotion Organization has announced certain details of the Special Purpose Vehicle (SPV) for trade with Iran which will be operated by the three EU countries - France, Germany, and the UK.

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US threatens EU over Iran sanctions evasion

US threatens EU over Iran sanctions evasion

The pledge comes after Maja Kocijancic, a spokeswoman for EU foreign policy chief Federica Mogherini said late last week that Brussels is finalising efforts to set up an alternative money payment channel to facilitate business transactions with Tehran amid the US's anti-Iranian sanctions.

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