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What was INSTEX, established 31 January 2019, designed to ease?

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What was INSTEX, established 31 January 2019, designed to ease?
posted Aug 4, 2021 by Manish Tiwari

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Trade
Belgium, Denmark, Finland, the Netherlands, Norway and Sweden issued a joint statement announcing becoming shareholders of INSTEX (Instrument in Support of Trade Exchanges) designed by the remaining signatories to the JCPOA (Joint Comprehensive Plan of Action) to circumvent biting US sanctions on trade with Iran after the US pulled out of the JCPOA in 2015.

answer Aug 5, 2021 by Pankaj Deshmukh
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