French Finance Minister Bruno Le Maire said on Thursday he hoped a special trade...
POZNAN, Poland - French Finance Minister Bruno Le Maire said on Thursday he hoped a special trade channel set up with Iran would complete a first, limited transaction in the coming days.
The mechanism is aimed at making it possible for trade between European Union members and Iran to continue in the face of stiff U.S sanctions since Washington quit a 2015 nuclear accord between Tehran and world powers last year.“We want Instex to enter into force in a few days, and I hope that we will be able to operate in a few days. I hope the first transaction will be completed in a few days,” Le Maire told journalists at a meeting in Poland.
France’s foreign ministry said on Wednesday that Instex would become operational based on Iran’s “full compliance with its JCPOA commitments.”
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