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US sanctions

Iran plans to increase re-export activity in Qatar

Iran is planning to increase its presence in the re-export market in Qatar, says an official in the country’s trade ministry, amid efforts to bypass the American sanctions that restrict the country’s routine access to global export markets.

Trade

Iran can join Russia’s Mir payment network by early 2023: Minister

Integration of Iranian and Russian bank card networks is expected to be completed early next year, the Minister of Economy Ehsan Khandouzi said in Tehran on Monday.

Financial Markets

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

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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