Iran considers options other than SPV: FM spox

Iran’s Foreign Ministry Spokesman Bahram Ghassemi said although we still hope that Europe will fulfill its obligations under JCPOA, Iran pursues different options with other countries like Russia, China, India and Turkey.


Iran expects EU to speed up creation of SPV: Iran Chamber president

President of Iran Chamber of Commerce says his country has pinned high hopes on Europe’s financial channel with Iran, known as Special Purpose Vehicle (SPV), calling it the best solution for the problems caused by the restoration of US sanctions.

Iran Chamber

Iran eyes trade with Eurasia following US sanctions

Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia would be the new markets for Iranian goods after the Eurasian Economic Union gave the green light to the creation of a free trade zone with Iran.

Joint Chambers

US sanctions to help Iran, Russia boost trade: Iran Chamber president

Iran should make most of the current sanctions to look at its biggest northern neighbour, Russia, as well as Eurasia. This is the message that head of the Iranian private sector is trying to hammer home in meeting his Russian counterpart in Tehran.

Iran Chamber

German court rules in favor of Iranian bank

A court in Germany has ordered Deutsche Telekom, a partly state-owned telecom provider, to reactivate phone and internet service for the Hamburg branch of Bank Melli Iran.

Financial Markets

Iran to sue US for sanctioning its maritime transport

Iran says it plans to sue the United States at the International Maritime Organization (IMO) for sanctioning its maritime transport services.


UK, Norway vow expansion of Iran trade

British and Norwegian top diplomats have assured their Iranian counterpart Mohammad Javad Zarif that London and Oslo will try to maintain and even expand their business cooperation with Tehran despite the re-imposition of US sanctions on the country.


Oil deal with Europe close despite Trump threats: Zarif

Iran’s Foreign Minister Mohammad Javad Zarif said Tehran was closing in on an agreement to sell oil to European nations despite American threats of sanctions against any country that does business with Iran.


7 European banks ready to work with Iran during sanctions: Zarif

Iranian Foreign Minister Mohammad Javad Zarif said that the central banks of seven European states are ready to work with Iran despite the impending U.S. sanctions, Tasnim news agency reported on Saturday.

Financial Markets

EU to announce new payment system with Iran in 6 weeks

The European Union’s biggest economic powers are planning to create a “special purpose” financial company by November 1, to thwart US President Donald Trump’s sanctions and help Iran continue to sell oil in Europe and do business transactions.