Iranian foreign minister Mohammad Javad Zarif hailed implementation of Instrument in Support of Trade Exchanges (INSTEX), saying Iran is ready to maintain constructive engagement with Europe.
"Iran welcomes INSTEX - a long overdue 1st step - in E3 implementation of May 2018 commitments to save JCPOA by ensuring dividends for Iranians after U.S. illegal reimposition of sanctions. We remain ready for constructive engagement with Europe on equal footing & with mutual respect," Zarif tweeted on Thursday.
Earlier, Deputy Foreign Minister for Political Affairs Abbas Araqchi said INSTEX is a special financial mechanism that Europeans have been trying to set up in the past few months to facilitate Iran's global trade, IRNA recalls.
