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Russia wants to join EU's bypass of sanctions on Iran
Kremlin Throws Weight Behind EU Effort to Boost Iran Trade
By Henry Foy
Financial Times, London
Thursday, July 18, 2019
MOSCOW -- Russia has signalled its willingness to join a European Union payments channel designed to circumvent U.S. sanctions banning trade with Iran and has called on Brussels to expand the new mechanism to cover oil exports.
Moscow's involvement in the channel, known as Instex, would mark a significant step forward in attempts by the EU and Russia to rescue a 2015 Iran nuclear deal that has been unravelling since the Trump administration abandoned it last year.
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"Russia is interested in close co-ordination with the European Union on Instex," the Russian foreign ministry told the Financial Times. "The more countries and continents involved, the more effective will the mechanism be as a whole." ...
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