Instrument in Support of Trade Exchanges information
SPV to facilitate non-dollar trade with Iran
INSTEX SAS
Company type
Société par actions simplifiée
Industry
Clearing house
Founded
31 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
Website
instex-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]
^"European powers launch mechanism for trade with Iran". Reuters. 31 January 2019.
^Cite error: The named reference forbes was invoked but never defined (see the help page).
^Coppola, Frances (30 June 2019). "Europe Circumvents U.S. Sanctions On Iran". Forbes.
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