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New Mechanism for Europe-Iran Commerce Is Legitimate, German Trade Group Says
by Reuters and Algemeiner Staff
A money changer holds Iranian rial banknotes as he waits for customers in Tehran’s business district, Jan. 7, 2012. Photo: Reuters / Raheb Homavandi.
A new channel for non-dollar trade with Iran that France, Germany and Britain have opened to avert US sanctions is legitimate and sends an important signal of Europe’s reliability as a trade partner, Germany’s BGA trade association said.
BGA President Holger Bingmann said on Friday that questions nonetheless remained about the exact structure of the Instrument In Support Of Trade Exchanges, or INSTEX.
Israeli President Reuven Rivlin Honors Late Queen Mother of Romania, Who Saved Jews During the Holocaust
Eight-Year-Old Israeli Boy, Great-Grandson of Prominent Rabbi, Drowns in the Hudson River
‘The Canary in the Coalmine of Global Hatred’: UN Special Rapporteur ‘Alarmed’ by Growing Antisemitism on the Left, Right
Director Steven Spielberg Recalls Antisemitic Bullying He Faced in School: ‘It Made Me Feel Ashamed of Being Jewish’
US Army Chooses Israeli System to Protect the Lives of Tank Crews