Experts from Iran and the three founders of a special European financial trade mechanism are to hold negotiations in Paris soon to work out the practical details of the payment system that aims to circumvent American sanctions on Tehran.
The arrangement was announced following consultations between Iranian and French diplomats on Tuesday.
France, Germany and the United Kingdom (E3) announced last week the official registration of their special trade vehicle named INSTEX (Instrument in Support of Trade Exchanges), but it will not be activated until the operational details are finalized and a corresponding entity is established in Iran.
February 06, 2019 19:54
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Iran, EU Experts to Hold Talks on Trade Vehicle in Paris Soon
“The mechanism was registered after a long delay and we hope the operational stages will be completed quickly,” Araqchi says
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