In January 2019, the European signatories of the Iranian nuclear deal, France, Germany, and the UK, introduced an Instrument in Support of Trade Exchanges (INSTEX) trade vehicle in a bid to protect their business ties with Tehran after the Middle Eastern nation was cut out of the international SWIFT banking transaction network due to US sanctions.
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Sunday, December 20, 2020
Iran’s Ambassador to UN Says INSTEX Mechanism Failed to Meet Its Goal Over Past Two Years
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