Iranian minister pointed to Europe's INSTEX, This financial mechanism is preliminary move taken by EU... In news meeting Bucharest January, German, British and French foreign ministers announced the commissioning of European special mechanism known as INSTEX.. ..…
Europe’s special purpose vehicle, or SPV, is called INSTEX — short for Instrument in Support of Trade Exchanges. ... Similarly, to Venezuela, Iran’s foreign Minister, Javad Zarif, after learning about the details, considered the conditions of INSTEX as insulting and rejected any..…