Kremlin throws weight behind EU effort to boost Iran trade
(World News Russia)

Russia has signalled its willingness to join an EU payments channel designed to circumvent US sanctions banning trade with Iran and has called on Brussels to expand the new mechanism to cover oil exports. Moscow´s involvement in the channel, known as Instex, would mark a significant step forward in attempts by the EU and Russia to rescue a 2015 Iran nuclear deal that has been unravelling since the Trump administration abandoned it last year. `Russia is interested in close co-ordination with the European Union on Instex,` the Russian foreign ministry told the Financial Times. `The more countries and continents involved, the more effective will the mechanism be as a whole.` `This is an...