Instex Sas
- France, Germany and the United Kingdom (E3), announced the creation of Instrument for Supporting Trade Exchanges (INSTEX), aimed at facilitating legitimate trade between European economic operators and Iran.
- US decision in May 2018 to withdraw from the Joint Comprehensive Plan of Action (JCPOA) and re-imposing of sanctions against Iran was the reason behind the creation of a new mechanism to facilitate legitimate trade for European companies wishing to do business with Iran.
- It is a Special Purpose Vehicle, which will function as a non- dollar, euro-denominated clearing house or payments channel that avoids monetary transfers in dollars between the EU and Iran ....
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