The document was inked during a visit by Iranian Economy Minister Farhad Dejpasand to the East European country.
Devastating floods have wreaked havoc and taken the lives of some 50 people in nearly 21 provinces of Iran. No international organisation can donate cash or non-cash humanitarian aid due to Washington’s restrictive measures. However, several states are trying to defy the US curbs.
Latest data by Bloomberg tanker tracking service show Tehran oil exports in March hit 1.5 million barrels a day, the highest in last five months when the US reimposed economic sanctions in November.
As Iraq is negotiating a third santions waiver from the US to keep importing Iranian energy, the country’s Parliament speaker is trying to make the message across that Washington grant the exemption.
Oil prices rose some 1% to post the biggest quarterly rise in a decade. US sanctions on Iran and Venezuela as well as OPEC cuts have played big role in pushing global crude prices up.
Seoul obtained last November a 180-day exemption from US sanctions on buying Iranian energy. The Asian country has been trying to convince the US authoities that Iranian condensates are the best feed stock for its refineries.
Iran and China are keen on boosting their bilateral trade as Tehran is looking more towards the East in the wake of US withdrawal from the 2015 nuclear deal. The MoUs are a sign that two Asian countries are moving forward in expanding their relations despite US sanctions.
Iran Chamber of Commerce is organising humanitarin aid for thousands of people that have been struck by fierce floods across Iran, that have left nearly a dozen people dead.
The private sector’s parliament says the new Persian Year 1398 should see more fforts and new ideas to move the country faster towards economic development despite US punitive measures that have been trying to cripple Iran’s economy.
Leader Ayatollah Khamenei and President Hassan Rouhani both addressed the Iranian nation to mark the begining of the new Iranian year. Both top leaders have called on the citizens to stand together to raise production in a bid to circcumvent US sanctions.