Six European countries join EU-Iran INSTEX financial trading mechanism

Six European countries join EU-Iran INSTEX financial trading mechanism

Finland, Belgium, Denmark, Netherlands, Norway, and Sweden will join the INSTEX mechanism for trade with Iran, the six countries declared in a joint statement on Friday (29 November) ahead of further talks between parties to the Iran nuclear deal in Vienna next week. Sanction-hit Iran was recently shaken by demonstrations that erupted across the country last week, hours after the price of petrol was raised by as much as 200%, and unrest spread to scores of urban centres, with officials confirming five deaths. In reaction to EU statements calling for…

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European Space Agency receives astronomical budget

European Space Agency receives astronomical budget

The European Space Agency (ESA) will enjoy a budget of €14.4 billion over the next five years, after the agency’s 22 member states agreed on Thursday (28 November) to increase funding for space exploration. The larger budget will be earmarked for putting the first space station in orbit around the moon, with the aim of putting European astronauts on the lunar surface for the first time, as well as an anti-asteroid system, 5G satellites and a black-hole mission. Germany is now the largest financial contributor to ESA’s coffers, with €3.3…

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