sanctions

China urges US to ‘immediately halt’ sanctions on Chinese firms with Iran ties

China on Monday called for the US to “immediately halt” sanctions on Chinese companies for maintaining business ties with Iran amid heightened tensions between Washington and Tehran.

Trade

Iran’s metals industry already sanctioned, new sanctions irrelevant: Traders

Iranian traders say the new round of sanctions would not cause any substantial change in the country’s steel production because the whole metals industry have previously been sanctioned by the US.

Mine and Industry

Russia, Iran boost trade in national currencies

Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow’s commercial representative in Tehran said.

Trade

US sanctions against Iran, lose-lose game: Rouhani

Iranian President Hassan Rouhani on Friday said that the US sanctions imposed on Iran benefit neither side and is tantamount to lose-lose game.

Trade

‘US sanctions against Iran have targeted ordinary people’

Iran’s ambassador to the United Nations has severely censured the United States’ sanctions against ordinary people as well as different sectors of the Iranian economy, including oil and banking, arguing that the measures are negatively affecting the daily lives of millions of Iranians.

Trade

Iran knows how to cope with sanctions: Minister

Iran’s Oil Minister Bijan Namdar Zangeneh says the country knows how to cope with sanctions that have restricted its direct sale of oil.

Macro Economy

Club of sanctioned countries: potential bloc against US ‘economic terrorism’

Iran has been resisting the US sanctions following the 1979 Islamic Revolution. 40 years on, many other countries are also suffering and withstanding those punitive measures. Now, Tehran is proposing that all these US-sanctioned countries join a club to better coordinate their efforts against its "economic terrorism".

Trade

Iran government approves plan to restructure budget under US sanctions

The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.

Macro Economy

Iran to develop third petchem hub in Persian Gulf in blow to US sanctions

The move comes a few days after the US levied sanctioned on Iran’s petrochemical sector. The third hub is about to increase Iran’s petrochemical production by 15 million tons.

Energy

Iran says it has come up with alternative ways to repatriate export revenues

Central Bank of Iran (CBI) says these alternative routes are not susceptible to US sanctions and pressures that have been applied by Washington as part of its so-called maximum pressure campaign.

Financial Markets