Partner Sam Jalaei features in financial Danish newspaper Børsen

Sam Jalaei from Magnusson Copenhagen office and the head of our Middle East Desk features in financial Danish newspaper Børsen with a comment on the financial, business and sanctions implication on the current situation in the Middle East.

“The sanctions and the lack of ability to conduct and complete transfer of funds have had a devastating effect on trade with Iran. Added thereto, the lack of operation and efficiency of INSTEX (the newly financial mechanism pledged by the parties to address this major challenge) has prolonged the trade obstacles along with the newly emerged serious conflict in the region while the trade parties are trying to work on alternative methods to solve their issues in this regard.”