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Progress on EU’s Trade Vehicle Can Keep Mutual Trust Alive

EghtesadOnline: Iran’s nuclear chief says progress in efforts by the European Union to facilitate trade with the country despite US sanctions would be an “encouraging” sign that can help keep the trust between Tehran and Europe alive.
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Publish Date:28/January/2019 | 13:51

EU Will Unveil SPV on Monday

EghtesadOnline: The European Commission said it’s seeking to launch “very soon” a special purpose vehicle to help European companies bypass US sanctions on Iran, with three European diplomats saying the official unveiling could come as early as Monday.
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Publish Date:26/January/2019 | 08:54

Central Bank of Iran Official: Blockchain No Solution for Sanctions

EghtesadOnline: In light of the new round of US sanctions , there is speculation that authorities in Tehran may seek to circumvent the hostile economic restrictions with the help of blockchain and other financial and monetary technologies.
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Publish Date:22/January/2019 | 15:09

China Offers NIOC $3b Oil-Field Deal

EghtesadOnline: China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.
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Publish Date:19/January/2019 | 24:22

Traders Fear Europe's SPV May Not Fend Off US Sanctions on Iran

EghtesadOnline: As Iranian traders (and more broadly Europeans) wait for the launch of the long-awaited special purpose vehicle by European powers, some businesses fear that the trade mechanism may after all fail to shield Iran’s trade from the long reach of US sanctions .
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Publish Date:16/January/2019 | 13:04

Hope on SPV Has Not Faded Away

EghtesadOnline: Iran is displeased with the European Union for its delay in launching a financial payment channel to circumvent the United States sanctions, but has not yet completely lost hope of the plan’s eventual implementation, a senior diplomat said.
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Publish Date:15/January/2019 | 14:55

Car Buyers in Iran Get a Raw Deal

EghtesadOnline: Due to the new US sanctions and the economic headwinds, production of poor quality and outdated (but apparently affordable) vehicles like SAIPA’s Pride cannot be banned, head of Iran Standard and Quality Inspection Company (ISQI) says.
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Publish Date:13/January/2019 | 14:32

Iran, Iraq Explore Ways to Expand Energy Ties

EghtesadOnline: Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets.
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Publish Date:12/January/2019 | 14:00

EU: Work on SPV Advancing Well

EghtesadOnline: The European Union says work is continuing to set up a special payment mechanism to facilitate trade with Iran and sidestep US sanctions against Tehran.
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Publish Date:09/January/2019 | 24:29

Iranian E-Commerce Unionist Reviews US Sanctions: Interview

EghtesadOnline: In an interview with the Financial Tribune, secretary of Iran E-Commerce Union Shayan Shalileh has discussed the impact of US-imposed sanctions on local startups and online businesses and reviewed the performance of ICT Minister Mohammad Javad Azari Jahromi.
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Publish Date:08/January/2019 | 15:24

EU Galvanized to Defend Sovereignty Against US

EghtesadOnline: Reaffirming a stance earlier adopted by top European officials, EU’s high representative for foreign affairs and security policy, Federica Mogherini, says the case of US sanctions against Iran has galvanized the European bloc to defend its sovereignty.
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Publish Date:05/January/2019 | 15:08

China's Bank of Kunlun Restores Iran Ties But US Restrictions Hang On

EghtesadOnline: As China’s Bank of Kunlun officially resumed its transactions with Iran after a one-month pause this week, the bank's scope of work falls short of what Iranian businesses had hoped for as the bank hews strictly to the US sanctions regime.
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Publish Date:24/December/2018 | 15:46

Iran Says US Sanctions Can Hurt American Tech Companies

EghtesadOnline: Citing the new US sanctions against Tehran, workplace chat app Slack banned Iranian users on Wednesday. A deputy director of Iran IT Organization told the Financial Tribune that such unprofessional moves plus the unending hostility will likely compel users across continents to think twice before subscribing to American companies involved in and living off such business.
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Publish Date:24/December/2018 | 15:26

Central Bank Eases Currency Rules for Foreign Trade

EghtesadOnline: The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions , says the CBI deputy chief for foreign exchange affairs.
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Publish Date:16/December/2018 | 13:07

EU-Iran Trade Vehicle Could Be Ready by Yearend

EghtesadOnline: The European Union’s foreign policy chief said on Monday a system to facilitate non-dollar trade with Iran and circumvent US sanctions could be in place by the yearend.
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Publish Date:12/December/2018 | 10:27

Iran Bitcoin Users Affected By US Sanctions

EghtesadOnline: Iranian sources say that some of them are no longer able to access the cryptocurrency swap platform ShapeShift, even when using virtual private networks (VPNs). As such, the sanctions appear to be already impacting Iranians who want to make lawful use of cryptocurrencies.
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Publish Date:01/December/2018 | 10:45

Iran: Equity Market Sinks as Selloff Continues

EghtesadOnline: After ending the past week 3.5% lower, the Tehran Stock Exchange continued to reel under selling pressure on Saturday. Falling global stocks, US-China trade war, declining oil and commodity prices and the effects of US sanctions all weighed on sentiment.
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Publish Date:26/November/2018 | 24:05