The Governor of the Central Bank of Iran called on the IMF to make use of the EU-Iran trading mechanism ‘INSTEX’ to make the $5 billion loan.
The first transactions between Europe and Iran has successfully been concluded through the Instrument in Support of Trade Exchanges (INSTEX).
TEHRAN (Iran News) – Israeli Prime Minister Benjamin Netanyahu has slammed Europeans for joining INSTEX mechanism aimed at maintaining trade with Iran despite US sanctions. In a video released on Sunday, Netanyahu said European countries “should be ashamed of themselves” for pursuing trade with Iran, claiming that they were enabling Tehran “to develop nuclear weapons”. […]
The acting head of Iran’s Trade Promotion Organization (TPO) said Europe’s Instrument in Support of Trade Exchanges (INSTEX) is only a channel for trade with Europe and technically it is not determining the country’s foreign trade, Tasnim news agency reported on Saturday.