Russia to join INSTEX as ruble replaces dollar in Tehran-Moscow trade

The special purpose channel was launched late January as part of the European Union efforts to help Iran enjoy the economic dividends of the nuclear deal that’s been jeoperdised by the US walkout last May.

13 February 2019
ID : 11829
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Russia says it wants to join the European special financial mechanism INSTEX, created by three European Union member states to continue trade with Iran. 

“We have confirmed our interest that Europe-launched INSTEX be open to third countries, including Russia,” said Deput