https://sputnikglobe.com/20190718/kremlin-collaboration-instex-payment-mechanism-trade-with-iran-1076282509.html
Kremlin Doesn't Rule Out Collaboration on INSTEX Payment Mechanism for Trade With Iran
Kremlin Doesn't Rule Out Collaboration on INSTEX Payment Mechanism for Trade With Iran
Iranian Foreign Minister Mohammad Javad Zarif previously noted that the EU mechanism for bilateral transactions with Tehran bypassing US sanctions could... 18.07.2019, Sputnik International
2019-07-18T09:36+0000
2019-07-18T09:36+0000
2019-07-18T10:51+0000
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Kremlin Doesn't Rule Out Collaboration on INSTEX Payment Mechanism for Trade With Iran
09:36 GMT 18.07.2019 (Updated: 10:51 GMT 18.07.2019) Iranian Foreign Minister Mohammad Javad Zarif previously noted that the EU mechanism for bilateral transactions with Tehran bypassing US sanctions could include other interested countries, such as Russia and Turkey.
Kremlin spokesman Dmitry Peskov said that Moscow is closely following the INSTEX issue, stressing its importance.
"This is an important project that aims to protect the interests of European economic operators amid illegal attempts to restrict their activities by third countries", he stated.
The spokesman also noted that after the system successfully comes into effect, Russia may consider joining the project.
INSTEX was formally launched by France, Germany and the United Kingdom to facilitate trade with Tehran after the US withdrew from the Iranian nuclear deal and reinstated sanctions against the Islamic Republic.
EU countries said the mechanism will initially deal with food and medicine, while Tehran has sought for oil trade to be included, as Washington is targeting the Iranian oil industry with its restrictions.
