{"id":78014,"date":"2019-12-01T18:23:22","date_gmt":"2019-12-01T23:23:22","guid":{"rendered":"http:\/\/persian-heritage.com\/wordpress\/?p=78014"},"modified":"2020-04-13T11:28:49","modified_gmt":"2020-04-13T16:28:49","slug":"six-european-countries-join-barter-system-for-iran-trade","status":"publish","type":"post","link":"https:\/\/PERSIAN-HERITAGE.COM\/en\/2019\/12\/01\/six-european-countries-join-barter-system-for-iran-trade\/","title":{"rendered":"Six European Countries Join Barter System for Iran Trade"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-78017 alignleft\" src=\"http:\/\/persian-heritage.com\/wordpress\/wp-content\/uploads\/2019\/12\/EnglishWEB.jpg\" alt=\"\" width=\"290\" height=\"200\" srcset=\"https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/12\/EnglishWEB.jpg 290w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/12\/EnglishWEB-150x103.jpg 150w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/12\/EnglishWEB-24x17.jpg 24w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/12\/EnglishWEB-36x25.jpg 36w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/12\/EnglishWEB-48x33.jpg 48w\" sizes=\"auto, (max-width: 290px) 100vw, 290px\" \/><\/p>\n<p>VOA &#8211; PARIS &#8211; Paris, London and Berlin on Saturday welcomed six new European countries to the INSTEX barter mechanism, which is designed to circumvent U.S. sanctions against trade with Iran by avoiding use of the U.S. dollar. \u201cAs founding shareholders of the Instrument in Support of Trade Exchanges (INSTEX), France, Germany and the United Kingdom warmly welcome the decision taken by the governments of Belgium, Denmark, Finland, the Netherlands, Norway and Sweden, to join INSTEX as shareholders,\u201d the three said in a joint statement. The Paris-based INSTEX functions as a clearing house allowing Iran to continue to sell oil andimport other products or services in exchange.<\/p>\n<p>The system has not yet enabled any transactions.<\/p>\n<p>Washington in 2018 unilaterally withdrew from the international agreement governing Iran\u2019s nuclear program and reinstated heavy sanctions against Tehran.<\/p>\n<p>The accession of the six new members \u201cfurther strengthens INSTEX and demonstrates European efforts to facilitate legitimate trade between Europe and Iran,\u201d France, Germany and Britain said.<\/p>\n<p>It represents \u201ca clear expression of our continuing commitment to the Joint Comprehensive Plan of Action\u201d \u2014 the 2015 Iranian nuclear deal \u2014 the trio added.<\/p>\n<p>They insisted Iran must return to full compliance with its commitments under the deal \u201cwithout delay.\u201d<\/p>\n<p>\u201cWe remain fully committed to pursuing our efforts towards a diplomatic resolution within the framework of the JCPoA,\u201d they added.<\/p>\n<p>The 2015 deal set out the terms under which Iran would restrict its nuclear program to civilian use in exchange for the lifting of Western sanctions.<\/p>\n<p>Since the U.S. pullout, Iran has taken four steps back from the accord.<\/p>\n<p>The latest was Nov. 4 when its engineers began feeding uranium hexafluoride gas into mothballed enrichment centrifuges at the underground Fordow plant south of Tehran.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VOA &#8211; PARIS &#8211; Paris, London and Berlin on Saturday welcomed six new European countries to the INSTEX barter mechanism, which is designed to circumvent U.S. sanctions against trade with Iran by avoiding use of the U.S. dollar. \u201cAs founding shareholders of the Instrument in Support of Trade Exchanges (INSTEX), France, Germany and the United [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[16],"tags":[],"class_list":["post-78014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recposts"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["fa","en"],"languages":{"fa":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/78014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/comments?post=78014"}],"version-history":[{"count":0,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/78014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media\/84107"}],"wp:attachment":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media?parent=78014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/categories?post=78014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/tags?post=78014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}