US sanctions
-
Iran Joins Forces With Latam States to Thwart US Sanctions
EghtesadOnline: Iran’s President Ebrahim Raisi concluded last month in Havana a visit to Venezuela, Nicaragua and Cuba that aimed to denounce the US sanctions suffered by the four countries and…
-
Nuclear Agreement Can Be Reached If US Sanctions Lifted
EghtesadOnline: Iran’s top diplomat said an agreement can be reached with world powers over its nuclear deal if western parties have the will and intention to do so.
-
US Sanctions Should Not Stop European Business With Iran
EghtesadOnline: A legal adviser to the European Union’s top court said a German company was wrong to terminate its contract with an Iranian bank if its only justification was concern about becoming…
-
Official: Carpet Exports Rise 14%
EghtesadOnline: Despite US sanctions and the outbreak of coronavirus, carpet exports have increased by 14% in the current fiscal year (March 2020-21), Farahnaz Rafe’, the chairwoman of Iran National…
-
Local Tech Firms Fill Automotive Void Created by Foreign Partners
EghtesadOnine: Following the reimposition of US sanctions in 2018, almost all foreign automotive partners pulled out of Iran. However, local technology companies gradually stepped in to fill…
-
$6.2 Billion in Subsidized Forex for Basic Goods
EghtesadOnline: Despite restrictions resulting from US sanctions, the Central Bank of Iran provided $6.214 billion in subsidized foreign currency to import essential goods over seven months ending…
-
Call for Enhancing Trade Ties With Europe
EghtesadOnline: President Hassan Rouhani called for promotion of economic relations with European states, stressing that bilateral trade should not be affected by the “illegal” and “unilateral”…
-
US Sanctions Snapback Bid Downplayed as Vain
EghtesadOnline: Foreign Minister Mohammad Javad Zarif said the United States’ attempt to return international sanctions on Tehran within a week is vain because Washington is not globally regarded…
-
Chevron Corp Books Worst Loss Since 1989 as Oil Prices Crash
EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its…
-
Tough Times Ahead for Iran Auto Parts Makers
EghtesadOnline: Iran’s auto part production sector is having a hard time procuring the raw material and key parts from foreign sources due to the restrictive US sanctions, an industry insider…
-
India Urged to Withstand Unjust US Sanctions
EghtesadOnline: Iran's ambassador to India called on New Delhi and the rest of the international community to stand against the "unjust" American sanctions that are hurting millions of Iranians…
-
HRW Calls for US Sanctions Relief to Help Iran’s COVID-19 Response
EghtesadOnline: The Human Rights Watch on Monday called on the United States to ease its sanctions on the Iranian economy to facilitate the country’s adequate response to the mounting health…
-
EU Sells Medical Goods via INSTEX
EghtesadOnline: European companies exported medical supplies to Iran as part of a mechanism set up to circumvent US sanctions.
-
Swiss Companies Keen on Joining Export Channel to Iran
EghtesadOnline: A Swiss channel to export food and medicine to Iran without running foul of US sanctions is off to a good start, with dozens of companies keen to take part, a senior Swiss government…
-
Iran’s Trade Landscape in Next Fiscal Year
EghtesadOnline: Iran’s foreign trade is struggling to cope with political and economic challenges, as well as the deteriorating economic situation caused by US sanctions, special commercial circumstan…
-
Jailed German Freed in Swap Deal
EghtesadOnline: Iran has freed a German citizen sentenced to three years in prison, the judiciary said on Tuesday, a day after Tehran said a detained Iranian accused of violating US sanctions…
-
Italian Banks Single Out Iranians
EghtesadOnline: Several Italian banks have closed or imposed restrictions on accounts held by Iranians citing the US sanctions, and in the process creating financial difficulties for those affected.
-
INSTEX: An Instrument Only on Paper
EghtesadOnline: Exactly one year ago the foreign ministers of France, Germany and the UK created the so-called Instrument for Supporting Trade Exchanges (INSTEX) to facilitate legitimate trade…
-
Economic Reforms Needed to Withstand US Sanctions
EghtesadOnline: What if American sanctions remain in place for the next year? Will their effects be any worse than what was experienced in the past two years? How is it possible to enhance economic…
-
Impact of US Sanctions on Iran Steel, Iron Exports Limited
EghtesadOnline: Fresh US sanctions against Iranian steel exports are likely to have little impact because pricing remains attractive to Asian buyers, Iran-based sources told S&P Global Platts.
-
Hemmati Defends Currency Control Policy
EghtesadOnline: Governor of the Central Bank of Iran says the bank has had at its disposal few policy options to address problems that have plagued the economy for years and came to the surface…
-
Analysis: Agenda Lost to Propaganda
EghtesadOnline: Sincere stakeholders, in the anti-FATF camp in Tehran, say now is not the time to embrace the Financial Action Task Force rules. Their argument is premised on the reality that…
-
Swiss-Iran Trade Channel Planned
EghtesadOnline: A humanitarian channel for food and medicine export to Iran should be launched in the coming months, senior Swiss and US officials told Reuters, helping supply Swiss goods to…
-
Rouhani Submits Budget Bill
EghtesadOnline: President Hassan Rouhani submitted the budget bill for the upcoming Iranian year (March 2020-21) to the parliament on Sunday which, he said, is indicative of the country’s tenacity…
-
Jahangiri Says Oil Exports Continue
EghtesadOnline: Iran is exporting its oil despite the new US sanctions, the first vice president said Monday, adding that Washington’s “maximum pressure” on Tehran has failed.
-
New Measures Needed to Support Reinsurance Sector
EghtesadOnline: New US sanctions and major reinsurance companies' aversion to play their proper role has deprived the country of the ability to transfer major risks outside its borders and to…
-
Britain Exploring Ways of Mitigating Iran's Economic Situation
EghtesadOnline: Although the effects of American sanctions on Iran's economy cannot be negated, Britain is cooperating with Tehran in good faith to find ways to mitigate the situation, a British…
-
South Africa’s MTN Reinvests Irancell Profits in Iran
EghtesadOnline: South Africa’s MTN, which has been prevented by US sanctions from repatriating profits from its Irancell partnership, is reinvesting its profits in Iran, the MTN-Irancell CEO…
-
Central Bank of Iran Applauds Private Firms for Helping Resist US Sanctions
EghtesadOnline: Governor of the Central Bank of Iran commended the role of the private sector in helping the economy to survive the harsh economic penalties imposed by the United States government.
-
More Afghans Migrating to Europe From Iran
EghtesadOnline: More Afghans than Syrians have migrated to the European Union so far this year, official data show, making them the largest group of foreign citizens illegally entering the bloc,…