Payment Channel

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.

Financial 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.

Financial 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.

Trade

Iran says it has come up with alternative ways to repatriate export revenues

Central Bank of Iran (CBI) says these alternative routes are not susceptible to US sanctions and pressures that have been applied by Washington as part of its so-called maximum pressure campaign.

Financial Markets

Iran, Turkey considering joint bank: Ambassador

The joint bank will be used to handle the Iranian export of gas to Turkey as well as import of other commodities to the country.

Financial Markets

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

CBI eyes more SPVs with ‘friendly neighbours’ to counter US sanctions

Iran’s main financial institution has devised a six-point contingency plan to resist possible consequences of the US move no to renew sanctions waivers for clients of Iranian energy.

Financial 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.

Financial Markets