Payment Channel

Europeans have failed to fully implement INSTEX: Foreign Ministry Spox

Emmanuel Bonne, the senior diplomatic aide to French President Emmanuel Macron is expected in Tehran later on Wednesday in a bid to talk about exit ways of the current nuclear dilemma. He many also talk about Europeans efforts to get INSTEX operational.

Money and Capital Markets

Finland mulls joining INSTEX

The Scandinavian country says it’s considering options to be one of the European countries that use the payment channel to continue trade with Iran.

Money and Capital Markets

STFI, INSTEX being tested: CEO

President of the Iranian payment channel as well as the European special trade vehicle with Iran are being tested by both sides in a bid to pave the way for their first transactions.

Money and Capital Markets

France, Germany say INSTEX close to first deal in days

The two main European countries behind the European payment mechanism say they are working at top speed to bring the channel online very soon, preferrably before this Sunday when Iran will announce more commitments reduction.

Money and Capital Markets

Iraq sets up SPV to buy Iranian power in wake of US sanctions: Report

AFP is reporting that a dinar-based account in Trade Bank of Iraq is supposed to be used to pay for Iranian energy in return for Tehran’s humanitarian purchases.

Money and Capital Markets

INSTEX without capital is like a beautiful car without fuel: Iran

The Iranian representative to the UN says if capital is not injected into the European payment channel with Iran, it won’t suffice as it won’t be able to carry out financial transactions.

Money and Capital Markets

EU’s INSTEX for trade with Iran ‘now operational’,

The European Union has announced that its INSTEX mechanism to facilitate trade with Iran was up and running on Friday.

Money and Capital Markets

Europeans plan to inject capital into INSTEX: Report

Three European signatories to the nuclear deal of 2015, Germany, France and the UK, are expected to inject capital into INSTEX to open credit lines for European companies that are interested in doing business with Iran.

Money and Capital Markets

EU’s Mogherini says INSTEX, ‘ready to be operational’

The European Union’s External Action High Representative Federical Mogherini has said that the INSTEX is ready to be operational and carry out the first trade exchange with Iran before Tehran’s 60-day ultimatum expires next week.

Money and Capital Markets

Russia, Netherlands eager to join Europe’s INSTEX

High-level Russian and Dutch officials have said that their countries are very keen on maintaining trade with Iran through the INSTEX mechanism.