In bid to keep the agreement, France, Germany, and United Kingdom launched barter system, known as INSTEX, to facilitate transactions with Iran outside of U.S banking system, and it's meant for food and medicine. ... European signatories reiterated their commitment to JCPOA, and Mogherini said..…

Iranian FM: US Influence on INSTEX Unacceptable . TEHRAN (FNA)- Iranian Foreign Minister Mohammad Javad Zarif underlined that the Instrument in Support of Trade Exchanges (INSTEX) should not turn into a tool for the US to pressure Europe to meet its demands. . . . . ..…