Iranian official: Iran wants EU to fulfill its economic obligations
Baku, Azerbaijan, Feb. 5
By Elnur Baghishov – Trend:
Iran wants the European Union to fulfill its economic obligations, Alaeddin Boroujerdi, member of Iranian parliament and former Chairman for the the parliament’s Committee for Foreign Policy and National Security, told Tasnim News Agency, Trend reports.
Boroujerdi said that the first steps towards establishing INSTEX, the EU's special financial mechanism with Iran, should be taken. The EU, however, did not fulfill Iran's expectations.
"Iran does not want the EU to take a political action to protect the Joint Comprehensive Plan of Action [JCPOA]," he said.
Boroujerdi said that the EU should fulfill its commitments on the JCPOA, and hopes for the steps to be taken soon.
"If the EU interconnects the INSTEX issue with the FATF [Financial Action Task Force], then Iran will not accept it in any way," he said.
Boroujerdi said that the FATF issue is being monitored within the framework of the law.
INSTEX (Instrument in Support of Trade Exchanges) is a special financial mechanism for trade with Iran formed by France, the UK, and Germany – the three European signees of the JCPOA.
The FATF enforces international standards for combating money and property laundering, financing terrorism and the proliferation of weapons of mass destruction.
Two of the four FATF projects have been approved in Iran. Two other projects – namely, Palermo and CFT – are awaiting approval.