Iran, Russia ditch SWIFT, creating their own banking messaging channel

The decision to create a separate banking messaging channel comes after the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT, announced in November that it would sever ties with individual Iran-based banks for the sake of the "global stability of the system".

Eurasia: open gates for over 500 Iranian goods to nearly 200 million people

The Eurasian Economic Union (EAEU) is about to fully start free trade with preferential tariffs with Iran after two years of negotiations and nearly one year of the treaty’s ratification by the Iranian lawmakers. Now, it’s a great opportunity to change the country’s economic course by exporting goods.

INSTEX President Bock visits Iran to discuss Europe-Iran trade

Michael Bock, former German ambassador and successor of Per Fischer at the head of INSTEX, visited Iran on Sunday to hold talks with German business delegates in Iran and other senior Iranian officials.

Video (Part 6)

‘Iran private sector should make most of Bulgaria’s vast trade potentials’

Saeid Hadei, President of Iran-Bulgaria Joint Trade Committee says the East European country has many trade potentials that can be exploited by Iran in a bid to open its way into the European Union.

‘India must resume oil purchases from Iran’

Indian columnist urges the government of Prime Minister Nrandra Modi to keep buying Iranian crude despite the US sanctions in a bid to maintain its leverage in the Iranian market in case sanctions are lifted.

Russia, Iran coordinating their payment systems as SWIFT alternative

SWIFT, an international messaging network for communications between banks, suspended access for several Iranian-based banks in November in the wake of US sanctions against the Islamic Republic.

Video (Part 5)

Bulgaria can replace Iran’s ‘not serious’ European partners

President of Iran-Bulgaria Joint Trade Committee, Saeid Hadei, believes Sofia can be a good alternative to Tehran’s European partners under the US sanctions.

Trump weighing $15b credit line for Iran: Sources

US President Donald Trump has left the impression with foreign officials, members of his administration and others involved in Iranian negotiations that he is actively considering a French plan to extend a $15 billion credit line to the Iranians, if Tehran comes back into compliance with the Obama-era nuclear deal.

Iran, Russia record 24% growth in bilateral trade

Iran exported $333.7 million worth of commodities to Russia from January to July, down 6.2% year-on-year, while Russia’s exports to Iran totaled $999.3 million, up by 39.9% YOY.

Iran in gas transit talks with EU companies

Supplying natural gas to Europe via a pipeline from Turkey is on the National Iranian Gas Company’s agenda, the CEO said.