11:57 GMT +322 October 2019
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    U.S. Secretary of State Mike Pompeo delivers a speech during his visit to Santiago, Chile April 12, 2019. REUTERS/Rodrigo Garrido

    Pompeo: EU-Iran Trade Mechanism 'Unproblematic' For Goods Not Under US Sanctions

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    MOSCOW (Sputnik) - Europe's mechanism for trade with Iran is not a problem for Washington as long as it is meant to facilitate the trade in goods that are not under US sanctions, US Secretary of State Mike Pompeo said Friday.

    "When we think about INSTEX, if it is aimed at facilitating the movement of goods that are authorised to move, it's unproblematic", Pompeo said at a joint press conference with German Foreign Minister Heiko Maas in Berlin.

    However, earlier this week Bloomberg reported, citing a letter written by the Treasury Department's undersecretary for terrorism and financial intelligence, Sigal Mandelker, that Washington planned to ban the system if it comes into force.

    READ MORE: EU, France, Germany, UK Concerned Over US End to Iran Oil Waivers — Statement

    The Instrument in Support of Trade Exchanges (INSTEX) was set up in January of this year in response to the United States reinstating sanctions against Iran, including measures targeting third countries that trade with Tehran.

    It was established after Washington withdrew from the Iranian nuclear deal last year, while other signatories, including Russia, China, the UK, France, Germany, and the EU, have reaffirmed their commitment to the agreement.

    Reports of Punishment for the Summit

    The US Secretary of State also noted that American officials are trying to verify reports that a senior North Korean official involved in Pyongyang's non-proliferation talks was executed following the summit between Kim Jong-un and Donald Trump in Hanoi.

    "We've seen the reporting to which you are referring", Pompeo stated. "We're doing our best to check it out. I don't have anything else to add to that today".

    READ MORE: Ex-US Official on Why Trump's 'N Korea Playbook' Doesn't Work With Iran

    Earlier in the day, South Korean newspaper The Chosun Ilbo reported, citing an anonymous source that four senior foreign ministry officials as well as Kim Hyok-chol, who organised the talks between the US and North Korea had been executed by firing squad for "betraying the supreme leader" after he was "won over to the US".

    Related:

    Instex Mechanism is Less Effective Than Originally Planned - Lavrov
    INSTEX Could Be ‘Trojan Horse’ to Infiltrate Iranian Networks, Expert Warns
    Can Japan's PM Abe be a Mediator Between Iran and US?
    China BOOSTED Imports of Iranian Oil Prior to End of US Waivers – Report
    Tags:
    instex, INSTEX, Kim Jong-un, Mike Pompeo, Democratic Republic of North Korea (DPRK), Germany, United States, Iran
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