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EU launches INSTEX to facilitate trade with Iran

Thursday, 31 January 2019 22:19
The European Union has announced the launch of a long-awaited direct payment mechanism meant to safeguard their trade ties with Tehran in the face of US sanctions.

Araghchi: INSTEX expected to cover trade in all kinds of goods

Thursday, 31 January 2019 18:32
Iranian Deputy Foreign Minister Abbas Araghchi has expressed hope that the EU-Iran special payment mechanism, known as INSTEX, will be used to pay for all kinds of goods and services.

European nations set up trade transactions channel with Iran

Thursday, 31 January 2019 11:39
Germany, France and the UK have set up a payment channel with Iran called INSTEX, to facilitate business transactions with Iran, and circumvent US sanctions.