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US sanctions

US announces sanctions on 18 Iranian banks

The United States has targeted Iran’s financial sector by imposing sanctions on 18 Iranian banks, in defiance of Europe’s humanitarian objections.

Society Economy

US pressure campaign example of state terrorism: Iran’s UN envoy

The Iranian envoy to the United Nations (UN) has lambasted the so-called US maximum pressure campaign against the Islamic Republic as an “example of state terrorism” aimed at creating suffering and social unrest in the country.

Society Economy

Iran completes second fuel delivery mission to Venezuela

The third and final vessel from a fuel-laden Iranian flotilla has entered Venezuela’s waters, completing a second such mission in less than a year. Five Iranian vessels had carried out the previous fuel delivery mission between May and June.

Energy

US simply lying about sanctions not affecting humanitarian items: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says Washington is simply lying when it claims its unilateral sanctions have had no impact on the delivery of humanitarian items to the Iranian people.

Society Economy

Double jeopardy of sanctions, coronavirus for Iran

In March 2020, Iran became the epicenter of the coronavirus pandemic outside China. Suddenly, Iranian leaders found themselves fighting on two separate fronts: one to save the economy from US sanctions and the other to save lives and the economy from the pandemic.

Society Economy

EU’s exports to Iran stand at €2.2 billion in seven months, down 11% yoy

The spread of the new coronavirus and US sanctions has hit the European Union’s exports to Iran in the first seven months of 2020 bringing their value to €2.209 billion.

Trade

US can impose neither negotiations nor war on Iran: Rouhani

Iran’s president told the UN General Assembly Tuesday that the United States could impose "neither negotiations nor war" on the Islamic Republic amid heightened tension between the longtime foes over Tehran’s 2015 nuclear deal with major powers.

Society Economy

IRISL reports $778 million in revenues despite US sanctions

The Islamic Republic of Iran Shipping Line Group (IRISL) says revenues of the company topped $778 million in the year ending June 21 despite a series of harsh US sanctions seeking to choke off the country’s trade.

Transportation

Denmark’s Novo Nordisk sets up insulin production line in Iran

The world’s top insulin-maker, Novo Nordisk of Denmark, has unveiled its production line in Iran with an investment of 70 million euros ($83 million).

Society Economy

Iran’s economy shouldn’t be tied to foreign developments: Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned that the country’s economic future should not be tied to developments in other countries, including the November presidential elections in the United States.

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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