https://www.gatestoneinstitute.org/14006/eu-collusion-
The main purpose of the Instrument in Support of Trade Exchanges (INSTEX) is to ensure that Europe — and potentially third countries — can continue doing business with the mullahs in Iran without risking US penalties for contravening US sanctions.
EU foreign policy chief Federica Mogherini seems strongly committed to ensuring that Iran — and Europe — continue receiving economic benefits from the illegal, unsigned, and unratified Iran nuclear deal. Mogherini insisted that Iran is complying with the JCPOA. It is not. US Secretary of State Mike Pompeo, referring to documents seized by Israel, stated that the nuclear deal was “built on lies” .
No amount of human rights abuses, however atrocious — or terrorism, even against its own citizens; or cheating to acquire deliverable nuclear capability to unleash on Israel, the US and eventually threaten the entire West — will, it seems, deter the EU from its criminal collusion with Iran. Europe seems determined to wade into its own destruction with its eyes wide open.
On January 31, Britain, France and Germany announced a new payment mechanism known as the Instrument in Support of Trade Exchanges (INSTEX). It was designed to preserve the Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, after the US left the deal in May 2018 and reinstated — as well as broadened — US sanctions on the country in November 2018. The main purpose of INSTEX is to ensure that Europe — and potentially third countries – can continue doing business with the mullahs in Iran without risking US penalties for contravening US sanctions.
“INSTEX will support legitimate European trade with Iran, focusing initially on the sectors most essential to the Iranian population — such as pharmaceutical, medical devices and agri-food goods,” the foreign ministers of Britain, Germany and France said in a joint statement. In the longer term, INSTEX aims to be open to other countries wanting to trade with Iran, the statement said. Federica Mogherini, High Representative of the EU for Foreign Affairs and Security Policy and Vice President of the European Commission, said INSTEX was “essential for the continued full implementation of the nuclear deal”.