The European Union launched today a special financial channel for trade with Iran, ignoring the sanctions imposed by Washington on Tehran, and threatened to anyone who begs himself to deal with Iran from companies and countries. 

The name of this financial channel for financial exchange with Iran is INSTEX, which is the abbreviation for Instrument in Support of Trade Exchanges, the German news channel said.




A Paris-based report said Paris would host the financial channel and a German bank governor would be in charge of the channel.