Iran: Creation of trade tool with Turkey, Russia to bypass US sanctions possible
  • ECONOMY

  • 16:49 07 May 2019

Iran: Creation of trade tool with Turkey, Russia to bypass US sanctions possible

"Iran's version of the European INSTEX is a company known as SATMA. The European Union has been informed of it", Iranian Foreign Minister Mohammad Javad Zarif told Sputnik, ONA reports.

The minister also stressed that Iran would be taking steps concerning the nuclear deal if the European Union is unable to help Tehran counter US sanctions.

"As long as Iran's interests are protected by the JCPOA, and the EU sticks to its commitments, Iran will comply with the agreement. As soon as the European Union is unable to help Iran counter-sanctions, Iran's unilateral adherence to the JCPOA may lose its meaning. In that case, the restrictions under the JCPOA may be reviewed", Zarif said.

Faig Mahmudov

Tags: SATMA INSTEX Iran EU US Sanctions

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