MNA Gordon Sondland, the US representative to the European Union, has in fact insulted and humiliated the Europeans by calling their special mechanism for trade with Iran, officially called INSTEX, a paper tiger. "EU's new proposal for trade with the Islamic Republic of Iran is nothing, but a paper tiger," Radio Farda quoted Sondland as saying ...

IRNA - Companies using a European initiative meant to facilitate trade with Iran face US retaliation, President Donald Trumps envoy in Brussels said in a warning that casts even greater doubts about the plans effectiveness in countending with US sanctions. Anyone actually using it to trade on anything other than humanitarian activity is going to ...

Iranian Diplomacy | Hossein Ziaee: While Gordon Sondland, US ambassador to the European Union, has dismissed the blocs move to set up a separate channel to trade with Iran, known as a Special-Purpose Vehicle (SPV), as nothing more than a paper tiger, evidence suggests that the payment mechanism is getting off to a good start. In first reaction to ...