Feb 2, 2019, 7:37 AM
News Code: 83192823
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INSTEX not against US: EU envoy

Moscow, Feb 2, IRNA - EU ambassador to Russia Marcus Ederer said on Friday that the Instrument in Support of Trade Activities (INSTEX) is not meant to withstand the US.

EU’s new mechanism is aimed at communications with Iran and will go ahead in accordance with the international commitments, he added.

French, German and UK foreign ministers announced the creation of 'INSTEX' on Thursday which they said was a new mechanism for facilitating legitimate trade with Iran in order to preserve the Iran nuclear deal.

Iran welcomed the creation of the channel with Iran called INSTEX by Europe, to help continue trade and circumvent unilateral US sanctions re-imposed after Washington withdrew from the international 2015 atomic deal signed with Iran in 2015.

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