Iran’s foreign minister says the US will get nowhere with its excessive demands from the Islamic Republic.

Russia wants to contribute to an EU-Iran trade mechanism meant to circumvent US sanctions on Tehran.

Foreign Minister Mohammad Javad Zarif says the Europeans do not seem ready yet to put investment into saving the 2015 nuclear agreement with Iran, despite their claim to be willing to retain it.

The United States' unilateral sanctions have had a major impact on trade relations between Iran and its neighbors.

A senior European Union official says non-EU members will be taking part in a mechanism established to enable non-dollar trade between the 28-nation bloc and Iran.

As the US continues rallying the world to uphold sanctions on Iran in violation of the 2015 Iran nuclear deal, Europe is struggling to convince Iran to remain in the agreement through INSTEX. Will it work?

The French finance minister says Europe’s trade channel with Iran, known as Instex, will complete the first transaction in the coming days, which will be limited.

Iran says the US president must first return to the nuclear deal he withdrew the US from if he seeks dialogue with Tehran.

Governor of Iran's central bank says Instex could be funded through money for Iran’s future oil sales.

Iran’s UN envoy says the JCPOA is not functioning properly, urging other parties to act to save it.