Europe’s mechanism for trade with Iran is not a problem for Washington as long as it is meant to facilitate the trade in goods that are not under US sanctions, US Secretary of State Mike Pompeo said Friday.
“When we think about INSTEX, if it is aimed at facilitating the movement of goods that are authorised to move, it’s unproblematic”, Pompeo said at a joint press conference with German Foreign Minister Heiko Maas in Berlin.
The Instrument in Support of Trade Exchanges (INSTEX) was set up in January of this year in response to the United States reinstating sanctions against Iran, including measures targeting third countries that trade with Tehran.