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US sanctions

First of five Iranian tankers to reach Venezuelan waters Sunday

A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country’s waters on Sunday.

Energy

Swiss humanitarian channel not meeting Iran’s needs: Takht Ravanchi

Iran’s permanent Ambassador to the United Nations says the trade channel launched by a Swiss bank to help the Islamic Republic use its overseas funds to procure food and medicine for its people amid the deadly coronavirus pandemic has so far failed to meet the country’s needs.

Society Economy

Iran gained nothing from Swiss humanitarian channel: Report

A new report published in the American media shows a Swiss trade channel much publicized by Washington as a secure way of delivering humanitarian assistance to Iran at a time of sanctions has failed to process any single deal on Iranian medicine imports.

Trade

Robust production can fight off sanctions: Leader

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says an economy made robust through enhanced production can fend for itself and counter various intrusive elements such as sanctions that can harm an economy like a virus can hurt the human body.

Macro Economy

EU regrets US refusal to allow IMF aid for Iran to fight coronavirus

The European Union has urged the United States to ease its sanctions on Iran and approve economic aid to help deal with the coronavirus pandemic, but its calls were rejected, the EU’s top diplomat said on Wednesday.

Macro Economy

Iran’s non-oil exports hit $60bn despite US sanctions

Iran has pocketed around $60 billion from exports of products, services and energy since the United States imposed its sanctions on the country’s sale of crude two years ago.

Trade

Luxembourg court officially rejects US long-running request to seize Iran’s $1.6 billion

A top court in Luxembourg has officially blocked a long-running request by the US administration to seize $1.6 billion worth of Iranian cash assets.

Macro Economy

Luxembourg lifts freeze on Iran’s $1.6 billion: CBI governor

Central Bank of Iran (CBI) governor says Luxembourg has unfrozen 1.6 billion dollars of Iran’s assets despite an attempt by the US to get the funds as compensation.

Macro Economy

European businesses fully support humanitarian assistance to Iran: Eurochambres president

President of the Association of European Chambers of Commerce and Industry (Eurochambres) says that the European businesses fully support past and current EU efforts to provide humanitarian assistance to Iran and will continue to do so.

Iran Chamber

Europe’s INSTEX finally makes first deal with Iran

Germany’s foreign ministry has said that the system that was set up by Britain, France and Germany to enable trade with Iran, dubbed INSTEX, finally concluded its first transaction, facilitating the export of medical goods.

Trade

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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