Western Europe Snubs US over Iran Sanctions, Goes for SWIFT Alternative

Posted on 02/15/2019


The European Union has decided to conduct business with Iran and bypass U.S. sanctions of the embattled country. The apparatus used to trade will be INSTEX (Instrument in Support of Trade Exchanges). As joint shareholders in INSTEX, France, Germany, and the United Kingdom will take part in humanitarian goods trades that include food, medicine, and […]