INSTEX delivers exports to Iran INSTEX, the special purpose banking mechanism that was built to facilitate trade between the EU and Iran, is up and running, the German Foreign Ministry has said. Speaking on behalf of France, Germany and the United Kingdom, the ministry reported that INSTEX had successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran. “Now the first transaction is complete, INSTEX and its Iranian counterpart STFI will work on more...
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