SATMA

Iran urges European oil purchase, credit lines within INSTEX

Central Bank of Iran (CBI) says Europe should stop accusing Iran of not setting up INSTEX mirror company and start action by buying Iranian crude and giving credit line to European exporters for starting trade with Iran.

Money and Capital Markets

INSTEX Iranian counterparty ready for ‘coordinated’ trade exchange: CEO

Special Trade and Finance Instrument between Iran and Europe (STFI), called SATMA in Persian, was registered on 22 April in Tehran in a bid to further facilitate Iran-Europe trade in the wake of US sanctions.

Money and Capital Markets