FRANCE and the UK have set up a payment channel with Iran called INSTEX. This was done to help continue TRADE with Iran and OVERCOME US sanctions. This special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies. US had reimposed sanctions on Iran after US President Donald Trump ABRUPTLY quit the nuclear accord in 2018.

"> FRANCE and the UK have set up a payment channel with Iran called INSTEX. This was done to help continue TRADE with Iran and OVERCOME US sanctions. This special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies. US had reimposed sanctions on Iran after US President Donald Trump ABRUPTLY quit the nuclear accord in 2018.

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How many countries have set up a payment channel with Iran called INSTEX?

Current Affairs International in Current Affairs . 4 months ago

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Germany, FRANCE and the UK have set up a payment channel with Iran called INSTEX. This was done to help continue TRADE with Iran and OVERCOME US sanctions. This special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies. US had reimposed sanctions on Iran after US President Donald Trump ABRUPTLY quit the nuclear accord in 2018.

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Posted on 08 Jul 2024, this text provides information on Current Affairs related to International in Current Affairs. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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