With financial channels stifled, Iranian citizens pay sanctions price

The US unilaterally walked out of the Iran nuclear deal and reimposed sanctions that target the oil and banking sectors. Washington says humanitarian goods, such as food, are exempt from the measures. But, the situation on the ground shows the otherwise. Ordinary Iranians are being affected the most.

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Swiss companies refuse Iran trade out of fear of US retaliation

Iran-Switzerland Joint Chamber of Commerce President, Sharif Nezam-Mafi says US sanctions have hindered the flow of vital medicine into the country, leading to a shortage of much-needed cancer drugs, especially for kids. He says Swiss companies do not deal with Iran out of fear of retaliatory US measures.

‘Swiss payment channel with Iran could be in place by mid-January’

European countries have been trying to create a legal financial mechanism to keep up trade with Iran after Donald Trump Administration withdrew the US from the 2015 nuclear deal in May.

Swiss firms urged to keep Iran business

The Swiss government has promised to defend the economic interests of its companies that are active in Iran and would be targeted by renewed US sanctions, recommending that they go on with their business in the Islamic Republic.

Iran, Switzerland resolved to continue trade ties: Rouhani

Iranian President Hassan Rouhani has lashed out at American officials for threatening to stop Irans oil exports, saying they would never be able to carry out such a threat. He further said that Iran and Switzerland resolved to continue trade ties.

Iran, Switzerland eye CIS market

In a meeting with his counterpart from Switzerland’s Canton Ticino, Iran Chamber of Commerce Vice President Pedram Soltani urged facilitation of banking relations and utilizing Eurasia capacity for expanding trade between the two countries.

Iran signs deals with Hermes, Swiss Export Risk Insurance

Iran has signed initial agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe.