Tehran Says INSTEX Insufficient Enough amid Crisis

In this May 28, 2019 photo, Iranian Foreign Ministry spokesman Abbas Mousavi speaks at a press conference in Tehran, Iran (AP Photo/Vahid Salemi)
In this May 28, 2019 photo, Iranian Foreign Ministry spokesman Abbas Mousavi speaks at a press conference in Tehran, Iran (AP Photo/Vahid Salemi)
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Tehran Says INSTEX Insufficient Enough amid Crisis

In this May 28, 2019 photo, Iranian Foreign Ministry spokesman Abbas Mousavi speaks at a press conference in Tehran, Iran (AP Photo/Vahid Salemi)
In this May 28, 2019 photo, Iranian Foreign Ministry spokesman Abbas Mousavi speaks at a press conference in Tehran, Iran (AP Photo/Vahid Salemi)

Iran has welcomed the launch of the financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) to bypass US sanctions.

“We take the operation of INSTEX as a good omen, but this is much less than what we expect,” according to Iranian Foreign Ministry spokesman Abbas Mousavi.

He added that Iran also expects players in other sectors like the banking and energy sectors to meet their obligations, IRNA reported.

Last week, the first transaction was conducted by Britain, France and Germany. Mousavi stated that the transactions enabled allocating hundreds of thousands of euros to purchase medicines and medical equipment for Iran.

Iran admitted facing huge challenges in tackling the COVID-19 outbreak, knowing that it turned down a US offer to help and didn't allow Doctors Without Borders to intervene.

In this regard, the US had been urged to reduce sanctions imposed on Iran to enable it to effectively combat this outbreak.

Notably, Washington reimposed sanctions on Tehran in May of 2018 after pulling out from the nuclear deal.

In response to this withdrawal, the three European countries decided to set up INSTEX in Jan of 2019. However, the activation process was slow and this led to an exchange of accusations between Iranians and Europeans.

INSTEX functions as a clearing house that allows Iran to continue to sell oil and import other products or services in exchange.



UK Government Was Hacked in October, Minister Confirms

A pedestrian shelters from the rain while walking along the South Bank with the River Thames and the office buildings of the City Of London shrouded in fog on December 18, 2025. (Photo by JUSTIN TALLIS / AFP)
A pedestrian shelters from the rain while walking along the South Bank with the River Thames and the office buildings of the City Of London shrouded in fog on December 18, 2025. (Photo by JUSTIN TALLIS / AFP)
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UK Government Was Hacked in October, Minister Confirms

A pedestrian shelters from the rain while walking along the South Bank with the River Thames and the office buildings of the City Of London shrouded in fog on December 18, 2025. (Photo by JUSTIN TALLIS / AFP)
A pedestrian shelters from the rain while walking along the South Bank with the River Thames and the office buildings of the City Of London shrouded in fog on December 18, 2025. (Photo by JUSTIN TALLIS / AFP)

British trade minister Chris Bryant said the government had been hacked in October, partly confirming a report in the Sun newspaper, which said a Chinese group had breached systems to access foreign office data.

"There certainly has been a hack," Bryant ‌told Times ‌Radio on Friday, according to Reuters.

"I'm not ‌able ⁠to say ‌whether it is directly related to Chinese operatives, or indeed, the Chinese state," he added.

The Sun named Storm 1849 as the Chinese cyber gang responsible for the breach, ⁠which it said was understood to possibly ‌include tens of thousands ‍of visa ‍details.

The group has been accused ‍of targeting politicians and groups critical of the Chinese government, the newspaper said.

Bryant said that some of the reporting was speculation, and that the government was "on top of" ⁠the incident.

"We're fairly confident that there's a low risk of any individual actually being affected by this," he told Sky News.

A government spokesperson said that it had been working to investigate a cyber incident.

"We take the security of our systems and data ‌extremely seriously," the spokesperson said.


Ukraine's Zelenskiy to Meet Poland's Trump-backed President at Key Moment in War

Polish President Karol Nawrocki (C) attends the ceremony marking the 86th anniversary of the outbreak of World War II in Wielun, central Poland, 01 September 2025. EPA/Marian Zubrzycki POLAND OUT
Polish President Karol Nawrocki (C) attends the ceremony marking the 86th anniversary of the outbreak of World War II in Wielun, central Poland, 01 September 2025. EPA/Marian Zubrzycki POLAND OUT
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Ukraine's Zelenskiy to Meet Poland's Trump-backed President at Key Moment in War

Polish President Karol Nawrocki (C) attends the ceremony marking the 86th anniversary of the outbreak of World War II in Wielun, central Poland, 01 September 2025. EPA/Marian Zubrzycki POLAND OUT
Polish President Karol Nawrocki (C) attends the ceremony marking the 86th anniversary of the outbreak of World War II in Wielun, central Poland, 01 September 2025. EPA/Marian Zubrzycki POLAND OUT

Volodymyr Zelenskiy will meet Poland's President Karol Nawrocki in Warsaw on Friday, as the Ukrainian leader tries to shore up relations with a key ally at a crucial moment for Kyiv's war effort.

The visit comes just as European Union leaders that United States President Donald Trump recently branded "weak" have agreed to borrow cash to fund Ukraine for the next two years, ensuring it can continue its fight against Russia's invasion.

While there is broad agreement in Warsaw that aid for Kyiv is essential in ‌order to keep ‌Russian forces away from Poland's borders, hardening attitudes towards ‌Ukrainian ⁠refugees have fueled ‌simmering tensions.

In a nod to rising anti-Ukrainian sentiment among some right-wing voters, nationalist Nawrocki had insisted that Zelenskiy should visit Warsaw to thank Poland for its support before he would consider visiting Kyiv.

"We should support Ukraine, and we do," Nawrocki said in an interview with the wp.pl news website published on Monday.

"At the same time, we should... ensure that Ukraine treats Poland as a partner. The conflict has been going on for nearly four ⁠years, and I have the impression that we, Poles, often don't feel like partners in this relationship."

Nawrocki's approach ‌to relations with Kyiv is much cooler than that ‍of his predecessor Andrzej Duda, and ‍reflects the increasing fractures on the right of Polish politics.

POLITICAL DIVISION

Zelenskiy said maintaining ‍relations with Poland was "very important" when confirming Friday's visit.

Wojciech Przybylski, head of the Res Publica Foundation think tank, believes that Nawrocki, who was endorsed by Donald Trump, could prove valuable to the Ukrainian president.

"Zelenskiy needs allies and circles who have some ties to Donald Trump... so here, Nawrocki is showing that he holds the cards and is thus trying to establish himself as a significant player in Ukraine," he said.

While Nawrocki's ⁠presidential election campaign this year was backed by Poland's largest nationalist opposition party PiS, his eventual victory in June's run-off vote owed much to supporters of far-right parties who say Poland has given Ukraine too much support.

Such views are becoming increasingly common. A Pollster survey for the Super Express tabloid published on Tuesday found that 57% of respondents had a negative opinion about Poland's decision to spend $100 million on US arms for Ukraine.

Poland's approach to the war in Ukraine also forms part of the bitter feud at the heart of Polish politics between MAGA-enthusiast Nawrocki and centrist Prime Minister Donald Tusk, a former European Council president.

Tusk said on Thursday that he would meet Zelenskiy in Warsaw after returning ‌from the summit.

He has previously berated right-wing parties over their attitude to Ukraine, telling them to "stand by Ukraine's side in its war with Ukraine with no 'buts'".


Zelensky Says EU's 90 Bn-euro Loan 'Truly Strengthens' Ukraine Defense

Ukraine's President Volodymyr Zelensky speaks during a press conference as part of the European Council meeting in Brussels on December 18, 2025. European Unions leaders meet in Brussels on December 18 and 19, 2025, to discuss in particular the need to support Ukraine, transatlantic relations and the EU's strategic autonomy. (Photo by JOHN THYS / AFP)
Ukraine's President Volodymyr Zelensky speaks during a press conference as part of the European Council meeting in Brussels on December 18, 2025. European Unions leaders meet in Brussels on December 18 and 19, 2025, to discuss in particular the need to support Ukraine, transatlantic relations and the EU's strategic autonomy. (Photo by JOHN THYS / AFP)
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Zelensky Says EU's 90 Bn-euro Loan 'Truly Strengthens' Ukraine Defense

Ukraine's President Volodymyr Zelensky speaks during a press conference as part of the European Council meeting in Brussels on December 18, 2025. European Unions leaders meet in Brussels on December 18 and 19, 2025, to discuss in particular the need to support Ukraine, transatlantic relations and the EU's strategic autonomy. (Photo by JOHN THYS / AFP)
Ukraine's President Volodymyr Zelensky speaks during a press conference as part of the European Council meeting in Brussels on December 18, 2025. European Unions leaders meet in Brussels on December 18 and 19, 2025, to discuss in particular the need to support Ukraine, transatlantic relations and the EU's strategic autonomy. (Photo by JOHN THYS / AFP)

Ukrainian President Volodymyr Zelensky on Friday thanked the EU for its 90 billion-euro loan to plug the country's looming budget shortfalls, saying it "truly strengthens" Kyiv's defense.

"This is significant support that truly strengthens our resilience," Zelensky said on X.

"It is important that Russian assets remain immobilized and that Ukraine has received a financial security guarantee for the coming years."

European Union leaders decided on Friday to borrow cash to loan 90 billion euros ($105 billion) to Ukraine to fund its defense against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.

The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilized assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.

"Today we approved a decision to provide 90 billion euros to Ukraine," EU summit chairman Antonio Costa told a press conference early on Friday morning after hours of talks among the leaders in Brussels. "As a matter of urgency, we will provide a loan backed by the European ‌Union budget."