INSTEX registration soon to be announced: Iran envoy

Tehran, Jan 31, IRNA – Iran’s ambassador to London said on Thursday that Germany, Britain and France have finalized registration of a channel for transactions with Iran (INSTEX), and the news will be announced within next hours. Hamid Baeedinejad made the remarks in a twitter message on Thursday. The Paris-based transactions channel, named INSTEX - Instrument In Support Of Trade Exchanges, is run by a German national, and France, Britain and Germany are shareholders in it. German TV broadcaster, NDR, had earlier reported that Germany, France and the UK have set up a payment channel with Iran called INSTEX, to help continue trade with Iran, circumventing the US sanctions. Follow us on Twitter @IrnaEnglish