ARIS, April 23 (Reuters) – The ‘Instex’ mechanism set up by France, Britain and Germany for Iran to skirt U.S. sanctions is making positive progress, said the French foreign ministry on Tuesday, as it responded to the latest moves by the U.S. government to put pressure on Iran.
“The work that has been put in place is making positive progress, with a view to an eventual conclusion. Iran must also, for its part, make progress on its equivalent counterparty,” said the French foreign ministry in an electronic briefing.