Iran Press/Europe: Iran and G4+1 (Britain, France, Germany, and China plus Russia) will hold expert talks in Brussels on Tuesday with the participation of the members of the Instrument for supporting Trade Exchanges (INSTEX) and its similar Iranian mechanism.
According to Iran Press News agency, Iran and G4+1 are expected to discuss the US' unilateral sanctions, including the recent decision by the United States not to extend waivers with regards to oil trade with Iran and waivers for nuclear non-proliferation projects in the framework of the Joint Comprehensive Plan of Action (JCPOA).
Expert talks between Iran and Europe’s delegations, Russia and China will be held this week while the Iranian mechanism similar to INSTEX called the ‘Special Trade and Finance Institute’ (STFI) has been registered on April 22, 2019, in Iran. The Company is responsible for all of the Business transactions between the EU and the Islamic Republic of Iran.
It is expected that the CEO of STFI, Ali Asghar Noori hold talks with INSTEX president Per Fischer, on the sidelines of the meeting in Brussels. They will discuss Iran and the European Union cooperation within the framework of the INSTEX.
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After US withdrawal from Iran’s nuclear deal, INSTEX as a special financial mechanism created by Germany, France, and Britain on January 31, 2019, to facilitate non-dollar trade.
However, It has not been activated yet due to the excuses made by the Europeans. 104
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