CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many countries have set up a payment channel with Iran called INSTEX?
A
2
B
4
C
3
D
5
Explanation: 

Detailed explanation-1: -Five EU nations declared in a joint statement on 29 November 2019 that they will join the INSTEX mechanism for trade with Iran. These countries are Belgium, Denmark, Netherlands, Finland and Sweden.

Detailed explanation-2: -Due to Western economic sanctions on Iran, Russia has become a key trading partner, especially in regard to the former’s excess oil reserves. Currently Russia and Iran share a close economic and military alliance, and both countries are subject to heavy sanctions by most Western nations.

Detailed explanation-3: -New Zealand Exports to Iran was US$3.72 Million during 2021, according to the United Nations COMTRADE database on international trade. New Zealand Exports to Iran - data, historical chart and statistics - was last updated on February of 2023.

There is 1 question to complete.