May 27, 2019 SOURCE: © CTO Data Services Co.
EUROPEAN COUNTRIES TO ESTABLISH JOINT IRAN BARTER INSTRUMENT
Germany, France and the UK (the E3) have established a joint Special Purpose Vehicle to circumvent U.S. sanctions against Iran. The vehicle is a barter mechanism.
The Instrument In Support Of Trade Exchanges (INSTEX) allows goods to be bartered with Iranian companies without directly using U.S. dollars. A joint statement by...
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