INSTEX

Former Italian ambassador to Iran visits ICCIMA

Mauro Conciatori, who finished his mandate as head of the Italian mission in Iran, visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with its president Gholam Hossein Shafei on Wednesday 12 June.

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I hope we hear positive news about INSTEX in some weeks: Fmr. Italian envoy to Iran

Mauro Conicatori, who left Iran on Friday after finishing his five-year mandate as the Italian ambassador to Iran, says the work on the European financial mechanism has advanced and that good news will come out in "some weeks".

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INSTEX President Per Fischer in Iran for talks on Iran-Europe trade

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

Money and Capital Markets

Iranian parliamentary delegation asks Finland to join INSTEX

Parvaneh Mafi, a lawmaker from the Iranian capital Tehran, has held high-level talks with Finnish officials on a wide range of issues, especially economic. She says Helsinki should be a shareholder in INSTEX.

Trade

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.

Trade

Iran to ‘soon’ sign MoUs with INSTEX stakeholders to start first trade exchanges

The Export Guarantee Fund of Iran (EGFI) says the MoUs will facilitate the transaction of first financial dealings between Iran and Europe within INSTEX and its Iranian counterparty STFI.

Trade

STFI, INSTEX keen on conducting pilot trade exchange: CEO

The two Iranian and European companies are laying the groundwork for realising the first financial transaction months after they were created.

Trade

Spain says it’s ‘studying’ to join European INSTEX to do trade with Iran

Madrid says PM Sánchez is considering plans on how to join the E3 in the financial channel with Iran that has been created to allow humanitarian trade and other items in the future.

Trade

Czech Republic seeks alternative financial channels to boost trade with Iran

Czech Deputy Minister of Industry and Trade Eduard Muřický says INSTEX is not functional yet so Prague needs to look for other ways of keeping up trade with Iran.

Trade

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