Iran Press/America: EU has acted well in the field, as they played a crucial role in JCPOA and have said on several occasions that they need a strong role on the basis of international regulations, Maria Fernanda Espinosa said.
EU’s message in maintaining the JCPOA is very clear that anything that is signed should be respected and they played a major role in development of the agreement, she added, according to Iran Press.
She made the remarks in response to a question about the entity’s plans for saving the international deals such as JCPOA.
The US, however, unilaterally left the deal last May, although the agreement has been ratified in the form of a United Nations Security Council resolution. It later reintroduced sanctions that had been lifted under the deal.
A special clearing house designed to allow European companies that trade with Iran to bypass newly re imposed US sanctions is set up in Europe.
The clearing house, known as the Instrument in Support of Trade Exchanges (INSTEX), is seen as critical to reassuring Tehran that the EU genuinely wishes to reward Iran for signing the 2015 deal on its nuclear program by expanding business with the country.
France, Germany and the UK are the initial shareholders of the INSTEX mechanism for trade with Iran, which has been registered in the French capital, Paris, with a capital of 3,000 euros, and will be governed by a German banking expert. 101/202
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