Wednesday , 1 May 2024

Social and Political

Iran calls new European special payment mechanism ‘first step’

Al-Monitor – Europe has finally set up a Special Purpose Vehicle (SPV) to bypass US sanctions on Iran in order to keep alive the Joint Comprehensive Plan of Action (JCPOA), which the United States unilaterally exited in May 2018. INSTEX (Instrument in Support of Trade Exchanges) was established by Germany, France and the United Kingdom, and will be used initially to sell food, medicine …

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