Chinese Firms Get Legal Advice as US Sanctions Against Iran Loom

Chinese companies doing business with Iran can tap into a government trade organization to prepare for US sanctions that are set to take effect against Tehran next week.

The China Council for the Promotion of International Trade has said it has inv…

Chinese companies doing business with Iran can tap into a government trade organization to prepare for US sanctions that are set to take effect against Tehran next week. The China Council for the Promotion of International Trade has said it has invited legal and trade experts to join company...

Russian Steelmaker Stops Deliveries to Iran

MMK, one of Russia’s largest steel producers, has stopped deliveries to Iran against the backdrop of new sanctions Washington has promised to impose on Tehran.

The announcement was made by Andrey Eremin, the company’s director for economics, in an …

MMK, one of Russia’s largest steel producers, has stopped deliveries to Iran against the backdrop of new sanctions Washington has promised to impose on Tehran. The announcement was made by Andrey Eremin, the company’s director for economics, in an interview with Reuters. The sanctions,...

EU Countermeasures Against US Sanctions Questioned

With the reimposition of US sanctions on Iran expected to come into effect in autumn, plans by the European Union to protect companies still trading with Tehran from being penalized by Washington is proving to be a struggle.

Final touches are being…

With the reimposition of US sanctions on Iran expected to come into effect in autumn, plans by the European Union to protect companies still trading with Tehran from being penalized by Washington is proving to be a struggle. Final touches are being made to the EU plan to mitigate the punitive...

US Sanctions on Iran Pinch Indian Tea, Rice Exporters

Indian traders of basmati rice and tea have started to feel the heat from US sanctions looming on Iran.

Basmati exporters said new contracts are being delayed and the tea trade is bracing for a knock, as exporting tea to Iran will become expensive …

Indian traders of basmati rice and tea have started to feel the heat from US sanctions looming on Iran. Basmati exporters said new contracts are being delayed and the tea trade is bracing for a knock, as exporting tea to Iran will become expensive as it may have to be routed through Dubai or...

EU Walks Tightrope on Dealing With US Anti-Iran Sanctions

If it wants to keep the nuclear deal alive, the EU will need to reduce the impact of US sanctions on its trade with Iran.

As an initial step, European governments are offering legal advice to companies and seeking exemptions from US sanctions in th…

If it wants to keep the nuclear deal alive, the EU will need to reduce the impact of US sanctions on its trade with Iran. As an initial step, European governments are offering legal advice to companies and seeking exemptions from US sanctions in the hope that they can continue to do business...

EIB Casts Doubt on European Plan to Salvage Nuclear Deal

The European Investment Bank’s global operations would be put at risk if it were to invest in Iran, its president said on Wednesday, casting doubt on the EU’s ability to deliver on its pledge to save a nuclear deal with Tehran that Washington has aba…

The European Investment Bank’s global operations would be put at risk if it were to invest in Iran, its president said on Wednesday, casting doubt on the EU’s ability to deliver on its pledge to save a nuclear deal with Tehran that Washington has abandoned. An EU plan urging its lending arm to...

Iran-Afghanistan Trade Corridors to Bear Fruit for Both India, China

A strategic deployment of trade corridors is taking shape across Afghanistan and Iran, as both India and China subvert each other’s trade strategies through key geo-economic states.

Afghanistan’s land corridor to Chabahar Port connects it to India …

A strategic deployment of trade corridors is taking shape across Afghanistan and Iran, as both India and China subvert each other’s trade strategies through key geo-economic states. Afghanistan’s land corridor to Chabahar Port connects it to India by creating a Persian Gulf corridor, while the...

Russia, Kazakhstan Slash HRC Exports to Iran

Russia and Kazakhstan are temporarily stepping back on sales of hot-rolled steel coils to Iran partly over the prospects United States reimposing sanctions on Tehran in August, steel traders said.

However, trade statistics show that local output ca…

Russia and Kazakhstan are temporarily stepping back on sales of hot-rolled steel coils to Iran partly over the prospects United States reimposing sanctions on Tehran in August, steel traders said. However, trade statistics show that local output can easily replace the CIS supply, already...

European Gov’ts Exploring Financial Channels for Iran

The French, British and German governments have told Iran they are exploring activating accounts for the Central Bank of Iran with their national central banks to open a financial channel and keep alive the Iranian nuclear deal, according to several …

The French, British and German governments have told Iran they are exploring activating accounts for the Central Bank of Iran with their national central banks to open a financial channel and keep alive the Iranian nuclear deal, according to several European officials. The move is the first...

US Lifts Ban on ZTE Over Alleged Iran Sanctions Violations

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business.

The Commerce Department removed the ban shortly after ZTE deposit…

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited $400 million in a US bank escrow account as...