US sanctions

Tehran, Seoul agree to launch working group on humanitarian trade

South Korea and Iran have agreed to launch a working group on expanding humanitarian trade as part of efforts to maintain bilateral partnership within the scope of a US-approved sanctions exemption, a source close to the matter said.

Trade

Iran to sue South Korean banks for non-payment

Iran is taking a legal action to force South Korean banks to give Iran access to billions of dollars frozen under U.S. pressure, the Iranian Foreign Ministry announced on Saturday.

Trade

’50 Swiss companies ready to enter Swiss trade channel for Iran’

Chairman of Iran-Switzerland Joint Chamber of Commerce says 50 major Swiss companies are ready to enter the Swiss Humanitarian Trade Arrangement (SHTA) channel which has brought a shipment of cancer drugs to Iran for the first time.

Trade

India not dictated by US on Chabahar: Envoy

India’s Ambassador to Tehran Gaddam Dharmendra has reiterated that New Delhi would not be dictated by the US how it should cooperate with Iran on the key port of Chabahar.

Transportation

Rouhani urges push to release Iran assets in foreign banks

President Hassan Rouhani has urged the Central Bank of Iran (CBI) to continue following up on the release of the country’s frozen assets in foreign banks.

Trade

Iran urges South Korean banks to release its $7b oil money

Governor of the Central Bank of Iran called on South Korean banks to release Iran’s oil money frozen under US pressure, warning that the Islamic Republic reserves the right to take legal action under international law.

Trade

Fifth Iranian fuel tanker docks in Venezuelan port

The fifth and last tanker in a flotilla of ships carrying Iranian fuel has entered Venezuela’s state oil company Petroleos de Venezuela (PDVSA)’s El Palito refining facility.