What is the EU-Iran payment vehicle INSTEX?

posted in: European Union, News

The special purpose vehicle INSTEX aims to facilitate trade between the EU and Iran to get around US sanctions. DW examines how it will work, the players and its possible impact. Germany, France, and Britain have launched an EU-backed system … Read More

EU mechanism for trade with Iran ‘now operational’

posted in: European Union, News

The EU has created a mechanism that will allow European countries to trade with Iran despite US sanctions. The move is an attempt to show goodwill toward Iran and keep it in the 2015 nuclear deal. The European Union announced … Read More