European diplomats are warning that enhanced US financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the US dollar.
The issue has come u…
European diplomats are warning that enhanced US financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the US dollar.
The issue has come up as the Trump administration considers...
As President Donald Trump prepares to re-impose a second batch of sanctions on Iran that had been eased under the 2015 nuclear deal, conservative US lawmakers and outside advisers have become worried that the administration may break a promise to exe…
As President Donald Trump prepares to re-impose a second batch of sanctions on Iran that had been eased under the 2015 nuclear deal, conservative US lawmakers and outside advisers have become worried that the administration may break a promise to exert "maximum pressure" on Iran.
They are...
A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational until early next year, three diplomats said.
The mechanism, a so-cal…
A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational until early next year, three diplomats said.
The mechanism, a so-called special purpose vehicle (SPV), is designed...
1. Deputy Oil Minister Ali Kardor: Foreigners can now buy oil from Iran through the Iran Energy Exchange [aka IRENEX]. (IRNA)
2. Chairman of Iran-Azerbaijan Chamber of Commerce Behrouz Poursoleyman: Tehran-Baku trade experienced a 75% rise during th…
1. Deputy Oil Minister Ali Kardor: Foreigners can now buy oil from Iran through the Iran Energy Exchange [aka IRENEX]. (IRNA)
2. Chairman of Iran-Azerbaijan Chamber of Commerce Behrouz Poursoleyman: Tehran-Baku trade experienced a 75% rise during the first half of the current Iranian year [March...
US treasury secretary, Steven Mnuchin has announced that his agency is currently negotiating with the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global financial messaging service that connects more than 11,000 banks in mo…
US treasury secretary, Steven Mnuchin has announced that his agency is currently negotiating with the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global financial messaging service that connects more than 11,000 banks in more than 200 countries, on disconnecting Iran...
Armenia has expressed readiness to help strengthen commercial ties between Iran and the Eurasia Economic Union.
“This year, EEU member states and Iran signed an interim agreement as a first step for the formation of an Iran-EEU free trade zone. Arme…
Armenia has expressed readiness to help strengthen commercial ties between Iran and the Eurasia Economic Union.
“This year, EEU member states and Iran signed an interim agreement as a first step for the formation of an Iran-EEU free trade zone. Armenia is the only EEU member state that has a...
India is weighing a rupee-rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from November 4, to kickstart the port that is considered critical t…
India is weighing a rupee-rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from November 4, to kickstart the port that is considered critical to the country’s geopolitical and trade...
The number of trips made by Azerbaijani citizens to Iran has seen a 53.2% rise during the first nine months of 2018 compared with the same period of last year.
This is while 32.7% fewer Iranians traveled to Azerbaijan Republic over the same period,…
The number of trips made by Azerbaijani citizens to Iran has seen a 53.2% rise during the first nine months of 2018 compared with the same period of last year.
This is while 32.7% fewer Iranians traveled to Azerbaijan Republic over the same period, IRNA quoted the State Statistical Committee of...
France’s Foreign Ministry said on Thursday the creation of a special purpose vehicle (SPV) that the European Union is considering to enable trade with Iran to help the bloc avoid the extraterritorial reach of US law.
EU foreign policy chief, Federic…
France’s Foreign Ministry said on Thursday the creation of a special purpose vehicle (SPV) that the European Union is considering to enable trade with Iran to help the bloc avoid the extraterritorial reach of US law.
EU foreign policy chief, Federica Mogherini, said in September that the new...
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 meetin…
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...
