New doubts about the survival of the 2015 international nuclear deal with Iran emerged on Monday, as the head of the Islamic Republic’s judiciary slammed the EU for imposing “humiliating conditions” on a new trading mechanism designed to circumvent US sanctions on the Tehran regime.
Ayatollah Sadeq Amoli Larijani told a gathering of judges in Tehran on Monday that the EU was insisting on Iranian agreement with two key demands before implementing INSTEX, a special financial channel developed by France, the UK and Germany that would allow Iran to continue trading despite tough US sanctions that went into action on Nov. 1.
Announced last week with great fanfare in the Iranian official media — “Defying US, Europe Launches Payment Channel with Iran,” read one headline on state broadcaster PressTV — Iran’s leaders seemed far less enamored with INSTEX this week, after Larijani claimed the EU had set what he called “two strange conditions” for making the mechanism operational.
According to Larijani, the EU wants Iran to join the Financial Action Task Force (FATF) — an intergovernmental body established in 1989 to counter terrorism financing, money laundering and other threats to the global financial system. The FATF currently has 38 member states, the newest being Israel, which joined the body in December.