US sanctions

Billions of dollars of Iranian frozen assets to be released

A senior regional official is visiting Tehran on Tuesday to finalize the mechanism for releasing seven billion dollars of Iran’s frozen funds.

Macro Economy

Iran-US trade stands at $40 million in 2021

The volume of annual trade between Iran and the United States stood at $40.6 million in 2021, according to latest data released by the US Census Bureau.

Trade

Removal of sanctions will open room for any deal: Raeisi

President Ebrahim Raeisi says an agreement with the parties to the 2015 accord is only possible if the cruel sanctions against the Iranian nation are removed.

Society Economy

US sanctions undermine UN development goals: Iran amb.

Iran’s UN Ambassador Majid Takht-Ravanchi said unilateral American sanctions on developing countries violate basic principles of human rights and contradict goals of development.

Macro Economy

Minister says sanctions deprived Iran of $100bn in oil revenues

New Minister of Petroleum Javad Owji says the "tyrannical" US sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues.

Energy

Iran private sector criticizes S. Korea for following US sanctions against Tehran

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei said on Wednesday that South Korea had to seek ways to compensate the damages caused by following the US sanctions against Tehran.

Iran Chamber

Iran uses released funds in South Korea to settle debts to 40 companies

A South Korean newspaper report says funds belonging to Iran and frozen in two bank accounts in the country have been used to pay back debts to dozens of companies who had exported goods and services to Iran before the country came under US sanctions in 2018.

Macro Economy

US waives oil trade sanctions to give Iran limited access to frozen assets

The US State Department has reportedly informed Congress of its decision to waive sanctions on Iran’s oil trade so that Tehran can pay off its debts to Japanese and Korean exporters from its frozen funds, without being able to transfer the funds to the country.

Macro Economy

US sanctions hinder Iran’s robust economic recovery

Iran’s economy would unlikely be restored to a robust level if major U.S. sanctions on the country remain, recent researches and opinions indicated.

Macro Economy

Iran’s GDP could grow by 3.5% this year if JCPOA revived: IIF

The Institute of International Finance (IIF) has estimated that Iran’s economy will continue to grow by a modest rate of 3.5% this year if the country and world powers succeed in talks to revive a 2015 nuclear deal.

Macro Economy