European medical equipment sold to Iran. While this may seem trivial, it is far from it. It took fourteen months for the barter mechanism (Instex), aimed at circumventing US sanctions, to make its very first transaction.
Read also: Europeans activate Instex for the first time to deliver medical supplies to Iran
No details on the type of medical equipment. Neither the exporting company nor the amount of the operation are made public, " due to contractual confidentiality clause " say the sources consulted. Evidence of the tensions surrounding the transaction. According to our information, the contract was signed by a German company. Created in January 2019 by France, Germany and the United Kingdom, Instex, the instrument for supporting trade, aims to facilitate legitimate trade with Iran.
European exports to Iran dropped by 53% and Iranian exports to Europe by 94% in the ten months after the introduction of US sanctionsA barter mechanism, it must protect European and Iranian companies against the sanctions imposed by Donald Trump in October 2018, during the American withdrawal from the nuclear agreement with Iran. In doing so,
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