Iranian ambassador to the UK Hamid Baeidinejad

Iranian ambassador to the UK warned on Tuesday that the US economic terrorism against Iran posed the biggest threat to the Iran nuclear deal.

Iran Press/ Iran news: In his Twitter message which was released on Tuesday, Iranian ambassador to the UK, Hamid Baeidinejad expressed hope for all to be aware of the fact that US economic terrorism against Iran posed the biggest threat to Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) and to regional security.

Iranian ambassador to the UK, Hamid Baeidinejad stressed that the US will paralyze the Instrument in Support of Trade Exchanges (INSTEX) by adopting counter-measures in a bid to thwart the EU diplomacy, Iran Press reported.

Baeidinejad's tweet on US' economic terrorism against Iran

US media 'Bloomberg' reported on Monday that the US is reviewing sanctions on the parallel mechanism of INSTEX in Iran.

The parallel INSTEX mechanism was established on April 22.

"The Trump administration is weighing sanctions against the Iranian financial body set up as a go-between for humanitarian trade with Europe, a move likely to sever the economic and humanitarian lifeline that France, Germany and the UK have sought to create for Tehran," Bloomberg said.

INSTEX was officially unveiled by foreign ministers of the European trio on the sidelines of a European Union summit in the Romanian capital Bucharest on January 31.

Related News:

INSTEX ready to initiate trade transactions between European companies and Iran

INSTEX has been registered at the address of France's Economy and Finance Ministry in Paris. German banker Per Fischer has been appointed for six months long to run it.

Earlier on Monday, German Foreign Minister Heiko Maas said that the three European countries are determined to support the JCPOA.

Related News:

German FM in Iran to talk Nuclear Deal and INSTEX

Of course, we cannot have a miracle, but we are trying to keep it up and, in this framework, we try to set up and run the INSTEX in the form of three European countries and beyond, he added.

Meanwhile earlier, High Representative of the Union for Foreign Affairs and Security Policy Federica Mogherini reiterated Europe’s adherence to the full implementation of the JCPOA, saying that INSTEX will get to run and have the first transactions hopefully in the next few weeks.

She also called on Iran to remain committed to the nuclear deal, saying, “We continue to fully support the nuclear deal with Iran, its full implementation.”

''It has been and continues to be for us a key element of the non-proliferation architecture both globally and in the region,'' she added.

The US has had contradictory positions regarding INSTEX. US Secretary of State has said Washington would not stand in the way of the EU’s trade mechanism for Iran, dubbed as INSTEX, so long as the focus is providing humanitarian and other permitted goods. 203/211/214

Read More:

Iranian envoy slams US contradictory policies vis-a-vis Tehran

Zarif: Trump's economic war source of all tensions

Iranian ambassador to the UK Hamid Baeidinejad