EU-Iran trade

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 to facilitate trade with Iran to help European businesses circumvent unilateral US sanctions on Iran. The Instrument In…

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 that its INSTEX mechanism to facilitate trade with Iran was up and running on Friday. “France, Germany,…