Instex — a short-term fix for a long-term problem?
Instex is being billed as a clever workaround that will allow EU companies to keep on trading with Iran despite the reimposition of US sanctions. But shipowners and marine insurers shouldn’t be getting too excited, according to some experts
‘Most companies with ties to the US will be reluctant to use it, as they might become subject to US sanctions themselves, and they’re worried about reputation’ — Baker McKenzie head of trade Anahita Thoms
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