Date: 3 weeks ago   Category: Financial

The EU and Iran began to use the financial mechanism for a circumvention of sanctions


The first transaction on the financial Instex mechanism between Iran and the EU already began. However so far it is used for humanitarian needs. Through the Instex mechanism created by France, Great Britain and Germany for trade with Iran the first financial transaction were already carried out. About it on Friday, June 28, representatives of the European Union after the consultations on the nuclear program of Iran which took place in Vienna reported. A task of this European financial mechanism of the foreign trade calculations is protection of participants of transactions with Iran against the American sanctions. The central office of Instex is in Paris, the German Per Fischer heads it. At the initial stage the mechanism is planned to be used only in the humanitarian purposes and only then to open it for business. It is noted that Instex is rather political signal: completely he will not be able to pay damages from the American sanctions. Meanwhile at the beginning of July Iran intends to execute the threats and to refuse one more part of obligations under the nuclear transaction. On July 7 the country will take new steps to reduce the promises concerning the agreement of 2015. It was said by the secretary of the Supreme council of national security of Iran Ali Shamkhani. According to him, the European partners in the agreement made insufficiently to save this contract. Source: The Russian service Deutsche Welle of News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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