Europe is shutting down Instex

Friday 10 March 2023

1 Min Read

Europe shuts down INSTEX

Several European countries announced on Friday that they intend to shut down the INSTEX financial system, which was launched in 2019 to facilitate trade with Iran and protect Iranian companies from US sanctions.

Contents

Europe shuts down INSTEX Persian

The foreign ministries of Germany and France have stated that 10 countries involved in INSTEX, including Belgium, Germany, Finland, Denmark, France, the Netherlands, Norway, Spain, Sweden, and the UK, have concluded that there is no basis for its preservation due to Iran’s continued non-cooperation with this institution.

The statement mentioned that this decision is solely based on commercial reasons and is independent of other factors.

Persian

مشاهده این مقاله به زبان فارسی

Share This Article

By IranGate

Every media institution, regardless of its origin or the doctrine it embraces, heralds the dawning of a new vista — a window that illuminates hidden recesses with the radiance of insight. It symbolizes the rich tapestry of perspectives that enable us to perceive and interpret our world. At the IranGate Analytical News Agency, our commitment is unwavering: to uphold the highest standards of journalistic integrity. We recognize and value the media literacy of our audience. We don't merely acknowledge it — we champion its growth, ensuring it thrives rather than diminishes. Our guiding principle resonates through every story we present: 'IranGate: Your Gateway to Enlightened Awareness.'

Europe shuts down INSTEX

Persian

شبکه‌های اجتماعی