Special-Purpose Vehicle (SPV)

Iraq working on own SPV to pay off debts, continue imports from Iran

TEHRAN, Jul. 02 (MNA) – Iraq is lining up a special purpose vehicle (SPV) of its own, a mirror European trade mechanism, to pay its arrears to Iran and to continue vital gas and electricity imports from the country under US sanctions.

Iran ‘serious’ about reducing JCPOA commitments: Kharrazi

TEHRAN, Jun. 23 (MNA) – Head of Iran’s Foreign Policy Strategic Council Kamal Kharrazi said that Tehran is ‘serious’ about reducing its commitments to the nuclear deal if European countries fail to adopt necessary ‘practical’ measures by the 60-day deadline.

Hemmati lashes out at EU for ‘threadbare’ remarks over INSTEX

TEHRAN, May 14 (MNA) – Governor of the Central Bank of Iran criticized European countries for repeating ‘threadbare’ remarks over their promised trade mechanism for Iran (INSTEX) and their failure to make it operational.

Iran to publish docs. proving US obstacles for intl. fin. aid to flood-hit areas

TEHRAN, Apr. 14 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif condemned US barriers for sending financial aid to flood-affected Iranian regions while also criticizing European countries for the delay in meeting their JCPOA-related commitments.

INSTEX function to be discussed in London: report

TEHRAN, Apr. 02 (MNA) – German national Per Fischer, the head of the Instrument in Support of Trade Exchanges (INSTEX), will travel to London to attend a meeting with the participation of British officials, businessmen, trade companies and investors, a source familiar with the matter said.

Iran registers STFI, mechanism proportionate to INSTEX: CBI governor

TEHRAN, Mar. 20 (MNA) – Governor of the Central Bank of the Islamic Republic of Iran Abdolnaser Hemmati said Wednesday that Iran has registered a mechanism called ‘Special Trade and Finance Institute (STFI)’ in proportionate to EU-established INSTEX.

Britain regards Fischer’s trip to Tehran vital step to implement INSTEX

TEHRAN, Mar. 12 (MNA) – The British embassy named INSTEX president Per Fischer’s trip to Tehran a significant step in making the European mechanism operational.

Iran, E3 to discuss INSTEX in Tehran today

TEHRAN, Mar. 12 (MNA) –Tehran will be hosting on Tue. a fresh round of expert talks between Iranian experts and representatives from France, Germany, UK and EU about the implementation of the EU’s trade mechanism for Iran called INSTEX.

Leader to cabinet:

Don’t rely on ‘vicious’ EU package for resolving economic issues

TEHRAN, Mar. 04 (MNA) – Leader of the Islamic Revolution said that the Iranian government should not rely on European countries' proposed packages for solving internal economic problems.

Russian deputy foreign min.:

EU trade mechanism for Iran to open up new opportunities for Russia

TEHRAN, Feb. 21 (MNA) – Deputy Foreign Minister Sergey Ryabkov said the European mechanism will also open up "opportunities for trade between Iran and third countries, including China and Russia.

By: Salman Parviz

INSTEX: EU assumes Iranians walking on banana leafs

TEHRAN, Feb. 18 (MNA) – After months of delay and despite the 2015 commitments of European leaders towards the Iran nuclear deal, the so-called E-3 (Germany, France and the UK) registered the Instrument in Support of Trade Exchanges (INSTEX). However, this special purpose vehicle (SPV) has no engine or driver and doesn’t conform with the trade and investment promises made in return for dramatic reduction in Iran’s nuclear program.

Iran's tolerance limited over EU's procrastination to implement INSTEX

TEHRAN, Feb. 18 (MNA) – Iranian Foreign Ministry Spokesman Bahram Ghasemi said the US continues to pile on the pressure against Iran and the country is opposed to the cooperation of other countries, especially Europe, with Iran, for various reasons.

Expediency Council suspicious of request on endorsing CFT, Palermo: Rezaie

TEHRAN, Feb. 16 (MNA) – Expediency Council Secretary Mohsen Rezaie said that the body is suspicious of European countries’ requests for endorsing FATF-related bills in the country.

Pres. Erdogan:

Turkey ready to create bilateral trade mechanism with Iran

TEHRAN, Feb. 14 (MNA) – Turkey is ready to join the EU's payment channel SPV and create a similar bilateral mechanism for trade cooperation with Iran, Turkish President Recep Tayyip Erdogan said in a Thu. meeting with President Rouhani in Sochi.

Expediency Council found no link between FATF bills, INSTEX: member

TEHRAN, Feb. 12 (MNA) – A member of the Expediency Council, Gholamreza Mesbahi, said the Council held a session today to study any possible connections between the four FATF-related bills and the EU’s trade mechanism for Iran (INSTEX).

Iran considers INSTEX as ‘first step’: envoy

TEHRAN, Feb. 10 (MNA) – Iranian Ambassador to Russia Mehdi Sanaei described the establishment of EU's trade mechanism for Iran (INSTEX) as a ‘first step’, adding that Tehran expects adoption of more practical measures from European countries to protect its interests.

Europe’s INSTEX shows Iran’s successful diplomacy in intl. arena

TEHRAN, Feb. 07 (MNA) – Member of Parliament Mahmoud Sadeghi said on Thus. that Europe’s financial mechanism dubbed ‘Special Purpose Vehicle, SPV’ reflects success of Iran’s policy in the international level.

Trade with Iran part of SPV payment mechanism

TEHRAN, Feb. 06 (MNA) – Expressing regret over the unilateral withdrawal of US administration from nuclear deal, European Union’s ambassador to the United States David O’Sullivan said trade and commerce with Iran is part and parcel of INSTEX.

Iran’s amb. to UK:

Danish pharmaceutical company ‘Novo Nordisk’ ready to resume coop. with Iran

TEHRAN, Feb. 06 (MNA) – Danish multinational pharmaceutical company ‘Novo Nordisk’ has voiced readiness to resume its cooperation with Iran following the creation of EU’s trade mechanism to facilitate trade with Tehran in the face of US sanctions.

Rezaie describes INSTEX link to FATF as ‘blackmailing’

TEHRAN, Feb. 05 (MNA) – Expediency Council (EC) Secretary Mohsen Rezaie has criticized the newly established financial channel known as INSTEX by Europeans saying that linking the channel to the accession of FATF related bills is sort of ‘blackmailing’.

Transfer of oil revenues via INSTEX ‘off the table’: MP

TEHRAN, Feb. 05 (MNA) – Chairman of Parliament’s Economic Committee said Tue. that EU’s recently created trade mechanism for Iran (INSTEX) has excluded the transfer of Iran’s oil revenues, adding the mechanism has no timetable or contract bond.

Parl.'s security committee to address INSTEX with Zarif in attendance

TEHRAN, Feb. 04 (MNA) – An MP said the Parliament’s National Security and Foreign Policy Committee will hold a session later today with FM Zarif in attendance to discuss EU’s recently created trade mechanism for Iran.

Europe has no right to set conditions for implementing INSTEX

“Europe has no right to set conditions for implementing the new financial channel,” Iranian Ambassador to London Hamid Baeidinejad said in a post on his Twitter account on Sunday.

Iran will by no means accept INSTEX conditions: MP

TEHRAN, Feb. 04 (MNA) – A member of Parliament’s National Security Committee said Mon. that Iran will, ‘under no circumstances’, accept the terms and conditions set by EU for the creation of its trade mechanism for Iran.

INSTEX a threat to Iran’s pharmaceutical industry: MP

TEHRAN, Feb. 03 (MNA) – An Iranian MP Mohammad Dehghan said Sunday that creation of INSTEX (Instrument for Supporting Trade Exchanges), EU’s trade mechanism for Iran, will pose a threat to the country’s pharmaceutical industry.

INSTEX represents EU's will to keep up with nuclear deal

TEHRAN, Feb. 03 (MNA) – Deputy speaker of Iran's Parliament Ali Motahari said Sunday the launch of the INSTEX mechanism represents the will and determination of Europe to keep up with the nuclear deal, but the final judgment will make sense after it is implemented.