CBI Faults EU for INSTEX Fissures

The Central Bank of Iran blamed European governments’ party to the landmark 2015 Iran nuclear deal for the failure of the EU trade mechanism known as the Instrument in Support of Trade Exchange (INSTEX). 
In a note posted in its official twitter account, the CBI said non-performance of the payment mechanism was largely because the Europeans didn’t have "enough courage to exercise their economic sovereignty". 
INSTEX was designed in January 2019 to evade the hostile US sanctions and facilitate trade between Iran and the European Union, and possibly other third parties, to save the nuclear agreement.