INSTEX – Instrument In Support Of Trade Exchanges

INSTEX – Instrument In Support Of Trade Exchanges
•It is a European special-purpose vehicle (SPV) established in January 2019. Its mission is to facilitate non-USD transactions and non-SWIFT to avoid breaking U.S. sanctions [Founded by France ,Germany,United Kingdom]
•The launching of INSTEX is not only a matter of Iran-EU relations but also embodies a new approach by the bloc towards US policies. It “becomes an opportunity when it’s understood as an experiment and as part of a bigger project to strengthen EU economic power.
•Now Six Countries – Belgium, Denmark, Finland, the Netherlands, Norway and Sweden have recently joined INSTEX.
•It will allow trade between the EU and Iranwithout relying on direct financial transactions

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