INSTEX: A Real Solution Or A Symbolic Move To Keep Iran In Nuclear Deal

INSTEX is supposed to be a financial channel and a special mechanism for transferring money in spite of U.S. sanctions on Iran. Its objective is to facilitate Iran's transactions with European companies. The reaction of Iran's foreign ministry on Friday was not very enthusiastic, as its spokesman emphasized that his country is waiting for tangible economic benefits and Europe better Major European companies working with Iran left the Islamic Republic during the Summer of 2018 before the United States re-imposed its sanctions against Tehran following the United States' pull-out from the 2015 nuclear deal. Their unilateral decision to leave was based on their greater business interests in the U.S. than in Iran........................

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