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| Special EU channel to allow trade with Iran, circumvent US sanctions is now operational - statement | Special EU channel to allow trade with Iran, circumvent US sanctions is now operational - statement |
| (32 minutes later) | |
| A special trade channel that will allow European firms to bypass American sanctions on Iran is operational - that was the outcome of the meeting between the countries who singed the nuclear deal ditched by US. | |
| The EU called the Joint Comprehensive Plan of Action (JCPOA) a "key element of global nuclear non-proliferation." The deal was in limbo after Washington left it a year ago and started piling up sanctions on Tehran, hampering its trade with other countries. | |
| Now French, British and German officials say the trade mechanism, dubbed Instex, is operational. | |
| The statement comes after the remaining signatures of JCPOA gathered in Vienna for a meeting that Iranian ministry spokesman Abbas Mousavi called "the last chance for the remaining parties...to gather and see how they can meet their commitments towards Iran." | |
| DETAILS TO FOLLOW | DETAILS TO FOLLOW |