Belgium, Denmark, Finland, the Netherlands, Norway and Sweden joined the financial system INSTEX (Instrument in Support of Trade Exchanges), which allows to trade with Iran in circumvention of U.S. sanctions.
In this system, which has been launched in Germany, France and the UK in the summer of 2019, now Iran will supply oil and other goods or services in nine EU countries.
On the eve of the six countries mentioned in the joint statement noted that “we attach great importance to the preservation and full implementation of the Joint comprehensive plan of action (SVPD) on the Iranian nuclear program by all stakeholders”.
The mechanism INSTEX was established in January 2019 after the US withdrawal from the AGREEMENT and sanctions against Iran, which were aimed at the reduction of oil exports to “zero values”. The trading scheme to bypass the sanctions is that Iran supplies oil and other commodities, and the money from sales go to European companies that supply the Iranians with food and industrial goods. At the same time, the United States may impose sanctions against companies that trade with Iran.
Iran, on 7 November, resumed uranium enrichment at underground nuclear facility “Fordo” where there are 1044 centrifuge