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Instrument in Support of Trade Exchanges information


INSTEX SAS
Company typeSociété par actions simplifiée
IndustryClearing house
Founded31 January 2019; 5 years ago (2019-01-31)
Headquarters
Paris
,
France
Key people
Per Fischer
(managing director)
Sir Simon McDonald
(chairman of the supervisory board)
Miguel Berger
(member of the supervisory board)
Maurice Gourdault-Montagne
(member of the supervisory board)
Owner
  • France
  • Germany
  • United Kingdom
Websiteinstex-europe.com

The Instrument in Support of Trade Exchanges (INSTEX) was a European special-purpose vehicle (SPV) established on 31 January 2019 and liquidated in March 2023. Its stated mission was to facilitate non-USD and non-SWIFT[1][2] transactions with Iran to avoid breaking U.S. sanctions.[3]

  1. ^ "European powers launch mechanism for trade with Iran". Reuters. 31 January 2019.
  2. ^ Cite error: The named reference forbes was invoked but never defined (see the help page).
  3. ^ Coppola, Frances (30 June 2019). "Europe Circumvents U.S. Sanctions On Iran". Forbes.

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