Eight EU countries have joined INSTEX, the mechanism set up to trade with Iran while circumventing US sanctions, and another two are set to follow, according to an aide to EU High Representative Federica Mogherini.
“Apart from the three countries that initiated the creation of the mechanism – France, Germany and Great Britain – eight more EU member states have decided to join. Two more countries are expected to follow in their footsteps,” Nathalie Tocci, an aide to Mogherini, said on Monday on the sidelines of the Valdai Club meeting in Sochi.
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