Iraq Expects Exemption From U.S. Sanctions Against Iran Iraq should be exempted from U.S. sanctions against Iran because of the heavy reliance of the former on the latter for gas and electricity supplies, a senior Iraqi official told a Kuwaiti newspaper, as quoted by news agency Mehr. “Iraq is connected to Iran given the longest common borders, high trade […]
TEHRAN, Oct. 29 (MNA) – Stressing that a new European Union mechanism to facilitate payments for Iranian exports will be in place in coming days, Iran’s Foreign Minister Mohammad Javad Zarif said “US cannot achieve its political goals for sure.” “With the new mechanism and given the fact that Americans are now isolated in the international […]
South Korea Presses US for ‘Maximum Flexibility’ on Iranian Sanctions Exemption A new wave of US measures targeting the oil exports and financial flows of the Islamic Republic is expected to take effect on November 5. Earlier this year, the US pulled out of the 2015 nuclear deal and slapped Teheran with new sanctions, provoking […]
TEHRAN- The newly appointed Iranian Finance Minister Farhad Dejpasand announced on Sunday that his ministry is having the packages to shield U.S. sanctions prepared. Dejpasand who received votes of confidence from lawmakers in a Saturday session of the Majlis with 200 yeas, 50 nays, and 15 abstentions, made the remarks in a radio interview. Putting […]
Beijing supports full membership of Iran in Shanghai Cooperation Organization: Ambassador TEHRAN – China Ambassador to Tehran Pang Sen hailed the deeply-rooted relations between the two nations. But while expressing support for Iran’s full membership in SCO, he underlined the need for more work to strengthen the comprehensive strategic partnership. Following is the full text […]
Iran sold oil to private buyers through its energy exchange for the first time on Sunday, as part of its efforts to counter the imminent return of US sanctions. Only 280,000 barrels were sold out of one million offered, and went for $74.85 per barrel, more than $4 below the initial asking price. The identity […]
TEHRAN – Moscow is taking steps to minimize the adverse effect of U.S. sanctions on its relations with Iran, said the spokeswoman of the Russian Foreign Ministry, while describing the sanctions as “illegitimate”. “We are taking measures to ensure that [U.S. sanctions] have minimal negative impact on Russian-Iranian trade and economic cooperation,” Maria Zakharova said […]
Iran, historically, has been a key supplier of crude for India, says Sunjay Sudhir, joint secretary for international cooperation at the Ministry of Petroleum and Natural Gas Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said on Friday. “Our public sector companies have already […]
LONDON (Reuters) – The United States cannot stop Iranian oil exports by imposing sanctions on Tehran, Iran’s oil minister said on Tuesday, warning that such restrictions will ensure the market remains volatile. Washington plans new sanctions targeting Iran’s oil sector from Nov. 4 with the aim of stopping the country’s involvement in conflicts in Syria […]
The EU-proposed financial mechanism that will enable countries to bypass U.S. sanctions on trade with Iran will be launched next month, Iran’s ambassador to Russia Mehdi Sanaei said. “This mechanism will be launched in November 2018,” the diplomat told Russia’s Izvestia newspaper. “Iran is a responsible member of the international community. The reports by the IAEA – there […]