Official: INSTEX carries out first deals, Russia, China want to join - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Official: INSTEX carries out first deals, Russia, China want to join

VIENNA, Jul 29 (PRIME) -- INSTEX, a mechanism for nonЦU.S. dollar and non-SWIFT deals with Iran established by Germany, France and the U.K., has already conducted its first deals, and other E.U. states as well as Russia and China want to join, Russian Deputy Foreign Minister Sergei Ryabkov told reporters on July 28.

УINSTEX is working in a pilot regime, we need to finish some political and bureaucratic procedures to fill out some documents between it and the system created by the Iranians so that it works in full force. The countries are working closely on it now,Ф he said.

Moscow and Beijing are still fighting to open the mechanism for non-E.U. countries to export Iranian oil. Besides Russia and China, some E.U. countries also want to join the mechanism, he said.

УThe main thing here is that the mechanism is not virtual, it really exists, and it already conducted its first operations,Ф he said.

End

29.07.2019 08:30
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.9658 +0.6413 06 jun
USD 68.6319 -0.3832 06 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1285.78 +2.26 18:50 05 jun
micex 2792.74 +0.96 18:50 05 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 203.05 +0.79 18:49 05 jun
lkoh 5460.00 +0.55 18:49 05 jun
rosn 401.95 +3.05 18:49 05 jun
sber 219.10 +2.82 18:49 05 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.8050 +0.7300 14:59 05 jun
USDTD 68.4100 -0.7300 17:44 05 jun