The Trump administration is closely eyeing efforts in Europe to set up an alternative money payment channel to ease doing business with Iran and avoid running afoul of sanctions the US has levied on the Islamic … [Read more...]
Iran minister says EU trade arrangement moving slowly, talking to India, China
NEW DELHI (Reuters) - Iran’s foreign minister said on Tuesday the European Union was moving more slower than expected in facilitating non-dollar trade with Tehran to circumvent U.S. sanctions, forcing it to … [Read more...]
Iran Bracing for Economic Contraction As Oil Exports Crumble
Iran’s Parliament Research Center is predicting negative growth for Iran in the current fiscal year that ends March 20 due to its falling exports, Radio Farda reported on Friday. The economic contraction could … [Read more...]
EU’s top diplomat: EU-Iran trade vehicle could be ready by year-end
BRUSSELS (Reuters) - The European Union’s foreign policy chief said on Monday a system to facilitate non-dollar trade with Iran and circumvent U.S. sanctions could be in place by year’s end. … [Read more...]
As US sanctions keep Western businesses out of Iran, China seizes the opportunity
Every watch in his store — and most of those sold by his competitors — come from one place, and it’s not Iran. It’s China. Kishavarzi sells everything from knock-off Rolexes to nothing-fancy, off-brand … [Read more...]
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