Europe & Iran Complete First INSTEX Transaction, Dodging US Sanctions

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Originally appeared at ZeroHedge

The very first transaction of the INSTEX special purpose ‘alternative’ vehicle between Europe and Iran has been successfully completed, according Germany’s Foreign Ministry Tuesday. “France, Germany and the United Kingdom confirm that INSTEX has successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran. These goods are now in Iran,” the ministry said in a statement.

It was created over a year ago by European signatories to the 2015 nuclear deal in order to bypass Trump administration Iran-related sanctions, after the Belgium-based SWIFT financial messaging service suspended access for Iranian banks in Nov. 2018 under pressure from Washington.

France, Germany, and the United Kingdom confirmed the first transaction with Iran involving the export of medical goods, at a crucial moment the coronavirus is ravaging the population, and vowed it was the first of many to come.

“Now the first transaction is complete, INSTEX and its Iranian counterpart STFI will work on more transactions and enhancing the mechanism,” the statement said on behalf of the three nuclear deal signatories.

Though Tehran has long criticized the Europeans for bowing to Trump’s sanctions and not doing enough to keep up their end of the JCPOA, the ‘SWIFT-alternative’ of INSTEX is designed to save the nuclear deal by at least partially ensuring trade transactions with Europe continues, also with the assurance that no money directly changes hands.

The mechanism also seeks to woo European companies back into doing business with Iran, and to provide a legal and ‘humanitarian’ means of bypassing US sanctions without fear of penalties.

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  • SnowCatzor

    Good, another blow to US hegemony.

  • alejandro casalegno

    Is the first……………is NOT the last!!!!!!!!!

  • <>

    Oh look, the EU has finally made a decision they prefer money over Israel. Can we please tell them now “fuck you” and cancel all the agreements? I’m sure they won’t mind. Hopefully my government will send the EU bastards back with a kick in their asses to their states, and tell them not to come back.

    • captainnemo2

      “”the EU has finally made a decision they prefer money over Israel”

      As if the usurers in jewland would not sell their kids for enough geld.

      • <>

        No, we are not as dirty as you. Some of us have honour, we don’t sell our pride for money nor gold.

        • verner

          no the jid traits are thievery, murders and lying and then repeat over and over again

    • Garga

      I like that, hence the upvote.
      Yes, please do so because everybody knows it’s the world that needs your little stolen piece of land, not the other way around.

      Kick the Europeans out with all your might! That’ll teach them a lesson they’ll never forget!!

      • <>

        Exactly, and we will kick the Palis too while we’re at it. They will be deported back to their Arab shithole where they belong and the EU can take care of them there. This land is for Israelis only.

      • BlueInGreen

        Garga, toro khoda bah een haroomzadeh harf nakoon, agalan mah ensanhah ke ghalbemoon hanooz sia nashood mitoonim harfeh worthwhile behaneh maha begim. Without all the inhumane bullshit interjected….

        • Garga

          Daram bahash bazi bazi mikonam. Khar ham ke hast, jeddi gerefte. Moze’e man ke moshakhase va aabam ba in joonevara tu ye jub nemire.

          • BlueInGreen

            lol, fair enough

    • Concrete Mike

      Id rather help sick iranian citizens than please zionists, its pretty much a consensus amongst us lowly non zionists.

      Its not about money its about helping fellow human beings, we help them now, time to put petty politics aside.

      What are you a monster? What the fuck did the average irani person do to deserve this, why do they have to suffer?

      The sanctions you and your chums boast about do not hurt the leadership it hurts the people.

      How csn you be so cruel as to prevent medical aid to these people that in majority have not done a damn thing to you? WHY?

      Stop using this crisis for political gains, now is not the time for such childish shennannigans.

      • BlueInGreen

        I sincerely (and I do mean sincerely) think him and his ilk do not care for any other life other than that of an Israeli, his past transgressions and current Nazi-like outbursts would easily support this notion. Looking at his recent comment, It’s a completely damning statement he woefully made since these provisions are meant solely to help the sick affected by COVID-19 and these aren’t soldiers, they’re civilians which makes his bigoted tirade that much worse.

        Even though I don’t like Israel or agree with their horrible policies against Palestinians, never would I even contemplate denying Israel means to treat their citizens infected by a virus currently ravaging humanity as a whole. But there in lies the problem, for Israel there is a clear line and thorough delineation of who matters more and who doesn’t. It’s practically a staple of everyday Israeli life but that’s neither here nor there.

        Reprehensible, repugnant, racist, bigoted, loathsome, inhumane, inhuman, disgusting, filthy, lowly, ne’er-do-well, a loafer, pillock; are just a small example of what ‘Iron Zion’ is when he displays such utter remorse for humanity. All around he is a noteworthy man that is contemptible.

        • <>

          I don’t mind being called in names like you described me, it’s a small price to pay for the truth and what I believe in so I like it. Yes, I see them as a low life scumbags that need to die, I don’t hide it. I don’t believe in talking to terrorists, just killing them and anyone else that supports them. If the EU wanna make deals with Iran then it’s fine by me, they can go build diplomatic relations with the Arabs instead, we won’t miss them.

          • BlueInGreen

            Stop replying to me, you’re an utterly disgusting individual.

          • <>

            Alright.

      • <>

        Then help them, I didn’t ask you not to help. Israel and Europe have different views over Iran, luckily for us we don’t need to trust the sneaky EU leaders to keep our safety, otherwise we would have been long dead by now. They have made their choice, I hope we soon make ours too.

        • occupybacon

          Please hurry. We are waiting.

          • <>

            If only it was up to me..

    • verner

      hey jid, the world abhors israel and would like to see it gone to the dogs or the jids buried at 6 feet for good. hard to realize but that’s a fact of life today. europe is all for a one state solution, one palestine, and the jids back to wherever they came from.

    • occupybacon

      Yes please do

  • Shia man

    Looks like covid-19 is going to end up being a benefit to Iran. It’s amazing how GOD works.

    • thanatos

      there is no god.

      • Shia man

        Indeed there is one how else were you created obviously by a creator things don’t just come from nothing.

        • occupybacon

          And who created the creator, he can’t just come from nothing?

          • Shia man

            The creator has no beginning nor end so the law of creation does not apply to the creator.

          • occupybacon

            Well if the laws do not apply to everyone I can decline myself from them too :)

  • chris chuba

    But why would Iran have to do that, Pompeo, Mnuchin and FOX News say that medical supplies and humanitarian goods are exempt from sanctions. They can’t be lying, that’s impossible!!! #sarcasm.

    I really hope that the INSTEX transactions are anonymous. One of the more noxious parts of U.S. sanctions is that even if you are selling Iran medical supplies, you have to guarantee that it will never get into the hands of a sanctioned entity. So all it takes is one phone call from a MEK operative to say that an Iranian police station got a ventilator and wham, the U.S. Treasury dept hits you with a $1B fine. We didn’t even treat Nazi Germany this ruthlessly.

    • thanatos

      But why would Iran have to do that, Pompeo, Mnuchin and FOX News say
      that medical supplies and humanitarian goods are exempt from sanctions.

      yes, they are. and always were. SF simply lies.

    • occupybacon

      Probably the need to pay in oil and that’s banned? Just a shot in the dark.

  • Assad must stay

    Great thanks Europe hopefully many more will follow :)