TEHRAN – Moscow is taking steps to minimize the adverse effect of U.S. sanctions on its relations with Iran, said the spokeswoman of the Russian Foreign Ministry, while describing the sanctions as “illegitimate”. “We are taking measures to ensure that [U.S. sanctions] have minimal negative impact on Russian-Iranian trade and economic cooperation,” Maria Zakharova said […]
Iran, historically, has been a key supplier of crude for India, says Sunjay Sudhir, joint secretary for international cooperation at the Ministry of Petroleum and Natural Gas Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said on Friday. “Our public sector companies have already […]
LONDON (Reuters) – The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington plans new sanctions targeting Iran’s oil sector from Nov. 4 with the aim of stopping the country’s involvement in conflicts in Syria […]
The EU-proposed financial mechanism that will enable countries to bypass U.S. sanctions on trade with Iran will be launched next month, Iran’s ambassador to Russia Mehdi Sanaei said. “This mechanism will be launched in November 2018,” the diplomat told Russia’s Izvestia newspaper. “Iran is a responsible member of the international community. The reports by the IAEA – there […]
ECONOMYNEXT – Sri Lanka, which is dependent on Iranian light crude has sought advice from India on its strategy on purchasing oil from the country in the light of tightening US sanctions during bilateral talks. Sri Lanka’s Petroleum Minister Arjuna Ranatunga has sought information on how India will act in the case of tighter sanctions […]
The international group that monitors money laundering worldwide said on Friday Iran had until February to complete reforms that would bring it into line with global norms or face consequences. “The Financial Action Task Force decided at its meeting this week to continue the suspension of counter-measures,” it said in a statement, Reuters reported. “However, […]
EU decides to put Iran payment system in place: Mogherini European Union Foreign Policy Chief Federica Mogherini said the block has decided to put its plan aimed at creating a payment channel to preserve business with Iran and circumvent new US sanctions in place. ‘This is something that we presented during the [United Nations] General […]
India, Iran Aim To Roll Out Part Of Chabahar Before US Curbs India and Iran have renewed efforts to operationalise one berth at the Chabahar port amid growing fears of US sanctions on Iran kicking in early next month. An Iranian delegation was in Delhi last week and it was decided to redouble efforts to […]
TEHRAN (Tasnim) – The speaker of Iraq’s parliament, Mohammed Al-Halbousi, condemned the sanctions imposed on Iran, also saying the stability of Iraq and Iran is integrated. In a meeting with Iranian Parliament Speaker Ali Larijani in Turkey on Tuesday, Halbousi said his country is opposed to foreign sanctions against Iran and condemns them. Voicing the […]
Iran’s Banking Problems With South Korea Resolved Following the approval of a measure by lawmakers that allows Iran to formally join the UN treaty for combating the financing of terrorism earlier this week, Iranian residents in South Korea can now open bank accounts, said the secretary-general of Iran-South Korea Chamber of Commerce. “According to Iranian […]