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Europe Sets Up Payment Channel to Continue Trade with Iran (Deutsche Welle-Ger. via Daily Alert)

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Jan. 31, 2019

  • Europe Sets Up Payment Channel to Continue Trade with Iran
    Germany, France and the UK have set up a transaction channel with Iran to facilitate trade despite U.S. sanctions, German public broadcaster NDR reported Thursday. The Paris-based channel, called INSTEX – Instrument in Support of Trade Exchanges, will allow European businesses to trade with Iran. (Deutsche Welle-Germany)
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