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.

Asadollah Asgaroladi, ex-ICCIMA vice president, dies at 86

The Iranian billionaire merchant was one of the eight people who revived Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) several days following the 1979 Islamic Revolution. He was ICCIMA vice president for 16 years.

Iraq resists US pressure to cut down on Iranian gas imports

Iraq is one of the major Iranian gas clinets to feed its power plants that general electricity for millions of its inhabitants.

Iran wants India to resume oil imports, says US sanctions unilateral decision

Iranian Ambassador to India Ali Chegeni has said Tehran may look at other markets to procure soymeal, rice if India does not resume normal trade ties with Iran.

Iran leader allocates funds for key rail project linking Chabahar to Zahedan and Afghanistan

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved tapping into Iran’s sovereign wealth fund for construction of a key railway in the southeast of the country.

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".