At the end of January, the board of Instrument in Support of Trade Exchanges (INSTEX) took the decision to liquidate the company.
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All tagged Bruno Le Maire
At the end of January, the board of Instrument in Support of Trade Exchanges (INSTEX) took the decision to liquidate the company.
◢ In an op-ed published in the German newspaper Handelsblatt, German Foreign Minister Heiko Maas declared that the “the US and Europe have been drifting apart for years.” In order to defend the JCPOA and protect European companies active in Iran from U.S. sanctions, Maas has outlined three initiatives: “establishing payment channels independent of the US, a European monetary fund, and an independent SWIFT [payments] system.” This has given many in Iran hope that Europe might still be able to create an “economic package” to save the JCPOA. But Maas’s vision is not an economic package. It is an economic process, which may prove transformative, but only in the long term.
◢ In a recent interview, French Economy Minister Bruno Le Maire expressed optimism for the delivery of eight ATR turboprops to Iran as part of a contract with Iran Air, the country’s national airline. Le Maire spoke of being “hopeful that the United States will provide authorization to deliver these aircraft.” The ATR deliveries, like the three Airbus deliveries made prior to President Trump’s withdrawal from the Iran nuclear deal, are highly symbolic of the hope and expectations for increased trade and investment following the implementation of the Joint Comprehensive Plan of Action (JCPOA).
