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Tag: Special Purpose Vehicle (SPV)
The CEO of Iran Special Trade and Finance Institute (STFI) says Tehran has set up the mirror mechanism proportionate to the EU's INSTEX channel and now the ball is in the Europeans’ court to run the Instrument in Support of Trade Exchanges to protect trade with Tehran.
Iranian Deputy Foreign Minister for Political Affairs Abbas Araqchi has held talks with Richard Moore, the Director General for Political Affairs at the UK Foreign Office who is in Tehran at the head of a delegation.
Iran’s special financial channel for trade with European countries under the US sanctions known as SATMA, and its European counterpart INSTEX are ready to do their first transaction in coordination with banks of the two sides.
Iran’s foreign minister has criticised the European signatories to the 2015 nuclear deal for delaying the enforcement of a non-dollar payment channel, known as INSTEX, aimed at facilitating trade with Tehran under the US sanctions.
Iranian Foreign Minister Mohammad Javad Zarif has discussed issues of mutual interest in a meeting with Vito Rosario Petrocelli, the president of the Foreign Affairs Committee of the Senate of Italy.