Iran private sector urges Europe to implement INSTEX

Iran Chamber of Commerce, the umbrella group of all Iranian private sector, says the three European countries - Germany, France, UK - need to speed up the process of their special financial channel with Iran in the wake of US sanctions.

Iran registers INSTEX mirror company for trade with Europe

The move comes several days when the Central Bank of Iran had announced it would unveils the mechanism soon after INSTEX President Per Fishcer held talks with Iranian stakeholders in Tehran. The channel has been called Instrument for Finance and Trade between Iran and Europe.

European states want to join INSTEX: Belgian official

Belgium is one of those European countries that has expressed interest in using the recently-created financial channel to do business with Iran.

French Renault could come back to Iran ’in future’

Renault could get back to business in Iran in 2020 should democrats win presidential elections and re-enter the US into the 2015 nuclear deal and remove sanctions. However, it’s hard to predict how the new US political scene will unfold next year.

Iran to register INSTEX mirror company soon, calls it STFI

The announcement comes after a visit to Iran by INSTEX president Per Fischer to work out details of the payment channel. Negotiations have been going on in various levels so that the channel starts work soon.

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New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

INSTEX president in Iran to work out details

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran in a bid to iron out the details of the financial scheme.

US exports to Iran soar to 10-year high in 2018 despite own sanctions

The increase in US exports to Iran happens while Washington has imposed two rounds of punitive measures on Tehran and it continues to press Europe to avoid trade with Iran.

French seed-maker Vilmorin already trading with Iran, awaits INSTEX

The firm says its has been selling vegetable and grain seeds to Iran after the reimposed US sanctions triggered banking channels. The company is now eyeing the new European financial mechanism to continue sales to the Middle Eastern nation.

INSTEX will provide opportunities for British firms to engage with Iran: UK Commissioner

Simon Penney, the British government’s Trade Commissioner for the Middle East, Afghanistan and Pakistan has said in talks with Hossein Selahvarzi, Vice President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) that European financial mechanism can facilitate trade with Iran.