Iran’s Permanent Representative to the UN, Majid Takht-Ravanchi, stated that “the current situation of INSTEX does not suffice. This mechanism without money is like a beautiful car without gasoline”. He went on to say that “we cannot wait more. We do not threaten anyone and we do not set [a] deadline. We have told them that we will reduce our commitments if they do not take any action. We will take new actions if they refuse to fulfill their commitments”.
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