The Foreign Ministers of France, Germany and the UK, and Mogherini also met to discuss the ways in which the EU can further advance on the operationalisation of Instex, a payment mechanism with Iran they set up to help continue trade with this country and circumvent US sanctions. ..…
INSTEX, short for Instrument Support of Trade Exchanges, is established by three shareholders -- France, Germany and United Kingdom -- and backed by EU to overcome U.S sanctions and conduct trade with Iran... ..…
Iran Describes Europe’s Promises on INSTEX as Hackneyed . TEHRAN (FNA)- Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati lashed out at European supporters of the trade mechanism for Iran (INSTEX) for repeating hollow words and no action, casting doubt on their sincerity to..…