European trio prepare to launch delayed Iran payments channel | Financial Times:
Germany, the UK and France will announce that a payments channel designed to boost trade with Iran is finally operational at a crunch meeting on Friday as European governments battle to save the 2015 nuclear deal.
But the initiative, known as Instex, is expected to have initial capital of only several million euros, raising questions about whether it will be enough to convince Tehran to stick with the accord that Donald Trump abandoned last year.
Officials from the remaining signatories to the accord — the three European states, China, Russia and Iran — will meet in Vienna to discuss its status as Tehran threatens to increase its nuclear activity above limits in the agreement.
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