SPV

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.

Trade

Iran, Iraq open non-dollar payment channel in defiance of US sanctions

Tehran’s initiatives to avoid using US dollar in its interantioanl trade can consolidate warmer political and economic relations with its neighbours and regional countries. Such mecahnisms as well as Europe’s INSTEX could finally help it alleviate problems caused by punitive US measures.

Trade

12 proposed products to export to Iran through INSTEX

The European Union and in particular, Paris, Berlin and London have been working out ways to continue what they call "legitimate trade" with Iran in a bid to lessen the effect of unilateral US sanctions that have been hampering financial transactions.

Trade

Video

Iran Chamber of Commerce urges Europe to push private firms to trade with Iran via INSTEX

Pedram Soltani, Vice President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says European governments should encourage their private sector companies to use INSTEX for trade with Iran. He believes the mechanism could take up to a year to become operational.

Video

Iran private sector welcomes INSTEX, vows to make it ‘big success’

INSTEX (Instrument in Support of Trade Exchange) is the new denomination of Europe’s special purpose vehicle (SPV) that’s been designed to include trade of pharmaceuticals, medical devices and agri-foods between three European countries and Iran in the face of unilateral US sanctions.

Money and Capital Markets

INSTEX preserves Europe’s economic sovereignty: Austria envoy

The European Union has set up and registered a special purpose vehicle to do "legitimate business" with Iran in the face of unilateral US sanctions. A top European diplomat believes such a payment channel will also benefit the Union’s 28 member states as well as Iran.

Money and Capital Markets

Austrian companies ready to trade with Iran within INSTEX: envoy

After the nuclear deal was signed and ratified in 2015, many European businesses jumped to seize the opportunity to engage in commercial activities with Iran. But, restored US sanctions torpedoed their cooperation. Now, with European financial channel in place, they are eager to resume trade.

Trade

Europe registers INSTEX, Iran welcomes move

The long-awaited special purpose vehicle to facilitate Iran-EU trade in the face of renewed US sanctions has officially been put in place in France. It’s waiting for a similar Iranian entity and several other factors to become operational.

Money and Capital Markets

Europe sets up Iran financial mechanism, calls it INSTEX

Germany, France and Britain say they’ve established and registered a commercial trade mechanism with Iran, called Instrument In Support of Trade Exchanges (INSTEX), that will bypass the unilateral US sanctions.

Money and Capital Markets

Europe is steps away from SPV: German envoy

Should it become operational, the Special Purpose Vehicle (SPV) created by the European Union, will not use US dollars in its transactions with Iran and will allow European firms to trade with Iran in the face of unilateral US sanctions.

Trade