US sanctions
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India in Touch With All Stakeholders on Iran Sanctions
EghtesadOnline: Following fresh US sanctions on Iran over its nuclear program that puts the strategic Chabahar Port project in jeopardy and calls for a complete stop to all Iranian oil exports,…
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South Korean Firms Continue to Work With Iran Despite US Sanctions
EghtesadOnline: South Korea’s new ambassador to Iran, Yu Chang Hwang, said Korean companies will continue to work with Iran, despite the US pullout from the nuclear deal.
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Without Waivers, US Sanctions on Iran Will Cripple Iraq
EghtesadOnline: Iraqi officials, struggling to form a new government months after the May parliamentary elections, now have an even more pressing concern: persuading the Trump administration…
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US Studying Potential Iran Sanction Waivers
EghtesadOnline: The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after Nov. 4, US Secretary of State Mike Pompeo…
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De-Dollarization Beneficial to Iran Trade Relations
EghtesadOnline: After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures…
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Europeans Exploring Payment System With Iran
EghtesadOnline: Germany and its European partners are considering setting up a payment system with Iran, which allows the continuation of business transactions with the Islamic Republic once…
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Impact of US Sanctions on Iran's Healthcare Sector
EghtesadOnline: A crisis is emerging in Iran’s healthcare sector, as patients are reporting shortages in life-saving medicine.
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Rial Pares Losses on Central Bank Moves
EghtesadOnline: Iran’s rial recouped some of its losses after hitting a record low against the US dollar on Thursday on the open market, according to reports, as the economy continues to face…
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Japan Ready to Suspend Iran Oil Imports in October
EghtesadOnline: Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media…
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Undisclosed Oil Shipments Could Help Dodge Sanctions
EghtesadOnline: Iran may resort to various ways of reducing the impact of US sanctions on its oil exports and those tactics could include secret oil shipments without trackers on tankers, bartered…
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Belgium Underlines EIB’s Support for Investment in Iran
EghtesadOnline: Minister-President of Belgium’s Flanders Region Geert Bourgeois said the European Investment Bank will support investment in Iran, underlining Europe’s efforts to strengthen the…
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Oil Surplus Vanishes Ahead of Iran Deadline
EghtesadOnline: An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a…
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Brazil to Allocate $1.2b to Boost Iran Trade
EghtesadOnline: The government of Brazil is to allocate $1.2 billion for maintaining its considerable economic and trade ties with Iran in the face of reinstated US sanctions.
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NIOC in Talks With Vitol
EghtesadOnline: Iran is seeking to extend or renew a $1 billion oil deal with the Swiss giant Vitol Group ahead of the promised return in November of crippling US sanctions, media reported.
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Japan Fails to Secure US Waiver for Importing Iranian Oil
EghtesadOnline: Japanese oil companies will stop importing oil from Iran after the US reinstates sanctions on the country.
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NIOC Crude Exports Plunge 700,000 bpd Since August
EghtesadOnline: The National Iranian Oil Company's exports have plummeted sharply since the beginning of August, as traditional customers like China, Japan and India have curtailed their purchases…
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India Not to Zero Iran Oil Imports
EghtesadOnline: India will definitely not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the US sanctions on Tehran…
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Iran ICT Ministry to Introduce Roadmap for Countering US Sanctions
EghtesadOnline: To tackle US sanctions, the ICT Ministry has come up with a package that can assist Iran in surviving sanctions reimposed by the US against Tehran.
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Iranian Government Introduces Rescue Package for Auto Industry
EghtesadOnline: A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector…
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SAIC Motor Operations Take Off in Iran
EghtesadOnline: Despite the reinstatement of US sanctions against Iran's key automotive industry, a joint venture between China's SAIC Motor and Farda Automobile Manufacturing Co (FAM Co) has…
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Indian Exporters Wary of Dealing With Iran Due to US Sanctions
EghtesadOnline: Indian exporters are apprehensive about taking orders from Iran due to the reimposition of US sanctions and this could impact India’s shipments to the Persian Gulf country, the…
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US Dollar Abolished From Iran-Iraq Trade
EghtesadOnline: The US dollar has been completely eliminated from trade deals conducted between Iran and Iraq due to US sanctions and the neighboring countries have shifted toward the euro and…
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EU Working on Payments Plan for Iran Business
EghtesadOnline: Germany and France said they are working on financing solutions to sidestep US sanctions against countries such as Iran, including a possible role for central banks.
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Parliament Finds Karbasian Unfit for Top Economic Job
EghtesadOnline: Parliament voted on Sunday to remove the economy minister ramping up pressure on the embattled president who has come under mounting criticism over his handling of the economy…
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Iran, Crimea Mull Trading Using Russian River System
EghtesadOnline: US-sanctioned Iran is interested in doing business with Russia’s Crimea, according to authorities from the Russian region that is also facing sanctions from Washington and Brussels.
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Siemens Pulls Out of Iran
EghtesadOnline: German engineering conglomerate Siemens has announced it is drastically scaling back its business operations in Iran. It’s yet another German company to cave in after the United…
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Iraq to Seek US Exemptions on Anti-Iran Sanctions
EghtesadOnline: Iraq’s economy is so closely linked to Iran’s that Baghdad intends to ask Washington for permission to ignore some US sanctions on its neighbor, Iraqi government and central bank…
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Effects of Sanctions on Food Consumption of the Poor
EghtesadOnline: It is now clear that the purpose of US sanctions against Iran is to make its people miserable enough so they pressure their government to agree to US demands.
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Iran, Italy Maintain Banking Ties Despite Sanctions
EghtesadOnline: Albeit facing many barriers at a low level, banking ties between Iran and Italy have not been fully severed despite the fact that the first round of US sanctions has snapped back,…
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Turkey to Defy US Sanctions, Maintain Trade Ties With Iran
EghtesadOnline: Turkey intends to defy US President Donald Trump and continue its strong bilateral trade links with Iran, the Turkish ambassador to Tehran announced on Sunday.