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Tuesday, 19 March 2019

Iran welcomes new EU trade entity as 'first step': Official

AFP , Thursday 31 Jan 2019
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Tehran on Thursday cautiously welcomed as a "first step" the expected launch of an EU trade entity aimed at saving Iran's nuclear deal by bypassing US sanctions.

The special payment mechanism "is the first step within the set of commitments the Europeans have made to Iran which I hope will be fully implemented and not be incomplete," said deputy foreign minister Abbas Araghchi, according to state news agency IRNA.

The formal announcement of the new payment vehicle is expected to be made on Thursday afternoon by the German, French and British foreign ministers in Bucharest.

 

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