EghtesadOnline: Michael Bock , head of Iran-EU trade channel, known as the Instrument In Support of Trade Exchange (INSTEX), will visit Iran on January 12 to discuss the latest developments on the long-delayed mechanism.

EghtesadOnline: The new head of INSTEX, Michael Bock , who was in Tehran this week, says some small European banks are willing to join the barter trade mechanism.

EghtesadOnline: Another German diplomat was appointed president of the trade mechanism designed to settle trade between Iran and Europe, officially known as Instrument in Support of Trade Exchange (INSTEX).