A high ranking British trade official, Simon Penny, has said Iran-EU special payment channel and trade mechanism, known as INSTEX, will become operational soon.
The Russian Deputy Foreign Minister said that the activation of INSTEX would provide further trading opportunities for Russia.
Foreign Minister Mohammad Javad Zarif said late on Thursday that the Europeans did not abrogate the JCPOA, but they failed to do their part under the deal, and they are not in a position to impose conditions on Iran.
The Eu's long-anticipated statement in support of trade with Iran was issued on Monday, with EU saying the Special Purpose Vehicle will have a positive impact on trade and economic ties with Iran.
Iranian Foreign Ministry warned European Union about following the line of Tehran's enemies.
Iranian foreign minister in a message hailed implementation of Instrument in Support of Trade Exchanges (INSTEX), saying Iran is ready to maintain constructive engagement with Europe.
Iranian Deputy Foreign Minister Abbas Araghchi has expressed hope that the EU-Iran special payment mechanism, known as INSTEX, will be used to pay for all kinds of goods and services.
Germany, France and the UK have set up a payment channel with Iran called INSTEX, to facilitate business transactions with Iran, and circumvent US sanctions.
Iran's Foreign Ministry Spokesman has stressed that if Western countries fail to carry out their commitments regarding Iran's nuclear deal, then Tehran might rethink its stance toward it.
Iran's nuclear chief, Ali Akbar Salehi, rejects any partnership of Atomic Energy Organization of Iran (AEOI) with any military organization in the construction of heavy submarines, warships and anything else.