INSTEX Completes First Exports to Iran, E3 Says
INSTEX, the European payment system designed to allow countries to trade with Iran despite U.S. sanctions (see 1912020025), completed its first transaction, France, Germany and the United Kingdom said in a March 31 notice. The countries said the mechanism successfully…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
facilitated exports of medical goods from Europe to Iran. INSTEX will now “work on more transactions,” the notice said. The U.S. has warned Europe that anyone associated with INSTEX could face sanctions (see 1905300035).