Iran’s UN Envoy Deplores Inefficiency of INSTEX
TEHRAN (Tasnim) – Iran’s ambassador to the United Nations said INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Tehran- has proved ineffective in the past two years.
Majid Takht Ravanchi on Saturday decried inefficiency of INSTEX in reaction to the UN secretary-general’s 10th report on the implementation of the Security Council Resolution 2231, which endorsed the Joint Comprehensive Plan of Action (JCPOA).
“The system must prove its efficiency after two years,” he said, highlighting the European countries’ promise to guarantee that Iran will reap the economic dividends of the JCPOA if it remains in it.
The Iranian envoy also said Iran’s reduction of its nuclear commitments was a result of the other parties’ violation of the deal and was within Iran’s rights under the JCPOA, Press TV reported.
His remarks came after UN Secretary General Antonio Guterres underlined the need for preserving the 2015 landmark nuclear deal, urging the world countries to engage in trade ties with Tehran based on Security Council Resolution 2231 that endorsed the agreement.
He hailed the nuclear deal as a testament to the effectiveness of multilateralism, diplomacy and dialogue, saying the agreement is the best way to ensure a comprehensive, long-term and proper solution to Iran's nuclear issue and to help promote regional and international peace and security.
