Iran blames EU on INSTEX ineffectiveness

TEHRAN - Central Bank of Iran (CBI), in response to Germany’s blaming Iran for the ineffectiveness of EU trade channel with the Islamic Republic called INSTEX, said Europeans’ lack of courage is the main cause behind the failure of this financial channel.

Iran-EU trade stands at nearly $8.9b in 7 months

TEHRAN- The trade between Iran and European Union countries during the first seven months of the current Iranian calendar year (March 20-October 21) stood at $8.807 billion, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced.

U.S. offers talks with Iran on daily basis, spokesman says

TEHRAN – Saeed Khatibzadeh, the spokesman for Iran’s Foreign Ministry, has said the United States makes efforts to hold talks with Iran every day.

BY: Ebrahim Fallahi

Iran Oil Show 2019: ‘Iran not alone in oil market’

TEHRAN - European exhibitors participating in the 24th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2019) believe that the recent U.S. pressures for isolating Iran’s economy wouldn’t stop them from trying to find a way for collaborating with Iran’s oil, gas and petrochemical sectors.

BY Haniyeh Sadat Jafariyeh

SPV: A European mechanism to struggle U.S., gain economic autonomy

In their joint statement on that last day of January, French Foreign Minister Jean-Yves Le Drian, German Foreign Minister Heiko Maas, and British Foreign Secretary Jeremy Hunt introduced the SPV (a special purpose vehicle) also called INSTEX (Instrument in Support of Trade Exchanges), the financial mechanism which enables Iran to keep doing business with the rest of the world despite the draconian financial sanctions imposed by the Trump administration.