The European signatories to the 2015 Iran deal formally announce the launch of a long-awaited direct payment mechanism meant to safeguard their trade ties with Tehran in the face of the “toughest ever” American sanctions. Following months-long preparations, foreign ministers of France, Germany and Britain finally unveiled the mechanism — ...
Iran’s ambassador to London said on Thursday that Germany, Britain and France have finalized registration of a channel for transactions with Iran (INSTEX), and the news will be announced within next hours. Hamid Baeedinejad made the remarks in a twitter message on Thursday. The Paris-based transactions channel, named INSTEX – ...
