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US sanctions

EU foreign policy chief due in Tehran on Monday

Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi announced on Sunday that the European Union’s foreign policy chief Josep Borrell will visit Tehran on February 3 for the first time after taking office.

Macro Economy

No cap on size and volume of SHTA transactions for Iran: Swiss official

A senior trade official in Switzerland has said that there is no cap on the size and volume of SHTA transactions and that Switzerland had finalized the details of the mechanism with US authorities.

Trade

China urges US to ‘immediately halt’ sanctions on Chinese firms with Iran ties

China on Monday called for the US to “immediately halt” sanctions on Chinese companies for maintaining business ties with Iran amid heightened tensions between Washington and Tehran.

Trade

Iran’s metals industry already sanctioned, new sanctions irrelevant: Traders

Iranian traders say the new round of sanctions would not cause any substantial change in the country’s steel production because the whole metals industry have previously been sanctioned by the US.

Mine and Industry

Russia, Iran boost trade in national currencies

Commercial transactions in national currencies between Russia and Iran exceeded 50% in 2019, Moscow’s commercial representative in Tehran said.

Trade

US sanctions against Iran, lose-lose game: Rouhani

Iranian President Hassan Rouhani on Friday said that the US sanctions imposed on Iran benefit neither side and is tantamount to lose-lose game.

Trade

‘US sanctions against Iran have targeted ordinary people’

Iran’s ambassador to the United Nations has severely censured the United States’ sanctions against ordinary people as well as different sectors of the Iranian economy, including oil and banking, arguing that the measures are negatively affecting the daily lives of millions of Iranians.

Trade

Iran knows how to cope with sanctions: Minister

Iran’s Oil Minister Bijan Namdar Zangeneh says the country knows how to cope with sanctions that have restricted its direct sale of oil.

Macro Economy

Club of sanctioned countries: potential bloc against US ‘economic terrorism’

Iran has been resisting the US sanctions following the 1979 Islamic Revolution. 40 years on, many other countries are also suffering and withstanding those punitive measures. Now, Tehran is proposing that all these US-sanctioned countries join a club to better coordinate their efforts against its "economic terrorism".

Trade

Iran government approves plan to restructure budget under US sanctions

The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.

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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