Any plan to extend Instex to Iranian oil won't work
There is no real chance of the European-led Instex mechanism for trade with Iran to be extended to cover oil exports out of the Middle East country, despite Russia’s call for such a move, according to shipping sources with expertise in the area
‘There is little or no prospect of Instex being used as a payment mechanism for the purchase of Iranian crude oil because this would be a step too far — and a giant step too far at that — for the US,’ says Nigel Kushner of W Legal
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.
Register for our free email digests: