Which of the following countries have officially set up a payment channel with Iran called INSTEX?
Correct answer: D. Germany, France and the UK
- A. Italy, Russia and the Netherlands
- B. Brazil, South Africa and Egypt
- C. Saudi Arabia, Denmark and Japan
- D. Germany, France and the UK
Explanation
INSTEX was established by Germany, France and the United Kingdom to facilitate limited non-dollar trade with Iran despite renewed US sanctions. Italy and the Netherlands later supported the mechanism but were not its founding members.
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