New Network Designed To Bypass U.S. Sanctions On Iran
January 31 2019
France, Germany and the U.K. have registered a special channel that will allow them to do business with Iran despite U.S. sanctions, reports Deutsche Welle.
The three countries will establish a "Special Purpose Vehicle" for European firms to do business with Iran, the German Foreign Ministry said on Thursday.
The Instrument in Support of Trade Exchanges, or INSTEX, will be based in Paris and overseen by a German banker. The U.K. will head the supervisory board.
The system will...
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