European States Send Medical Goods to Iran in First INSTEX Transaction

European States Send Medical Goods to Iran in First INSTEX Transaction

The INSTEX trading mechanism was previously created by European countries to bypass unilateral restrictions, imposed against the Islamic Republic by Washington, as the US threatened to hit those trading with Tehran via secondary sanctions. Iran, however, has repeatedly criticised INSTEX for not functioning properly.

France, Germany, and the United Kingdom have officially confirmed concluding their first INSTEX transaction with Iran, exporting medical goods to the Middle Eastern country. According to the German Foreign Ministry, Berlin hopes to enhance the mechanism and carry out more transaction with Tehran.