News & Events

Russia-led free-trade zone to accept 5 new members, including Iran Free-trade agreements are expected to be signed between the Russia-led Eurasian Economic Union (EAEU) and five more countries including Singapore, India, Egypt and Iran in the near future. Date: 2/12/2019

Oil minister says Europe not buying Iran oil despite US waivers Iran’s Oil Minister Bijan Zanganeh said Tuesday Italy and Greece had stopped buying oil from Iran despite being granted waivers from US sanctions. Date: 2/6/2019

Iran’s industrial export grows 13% Iran’s industrial export has grown 13 and 6 percent respectively in value and weight during first 9 months of the current Iranian fiscal year (started March 21, 2018), comparing to the same period last year. Date: 1/30/2019

Iran’s oil market facing the new sanctions era; what to expect After an expected hiatus in Iran’s oil exports to some of the country’s main customers following the reimposition of the U.S. sanctions, once again the country’s old buyers are coming back to take advantage of the 180-day window which has been presented by the waivers granted in November. Date: 1/14/2019

Iran-India banking mechanism to start operation in few days: envoy The banking mechanism between Iran and India is ready for operation, Indian Ambassador to Iran Saurabh Kumar announced, saying that banking and trade activities will be started between the two sides in the next few days. Date: 1/2/2019

China's Bank of Kunlun Restores Iran Ties But US Restrictions Hang On As China’s Bank of Kunlun officially resumed its transactions with Iran after a one-month pause this week, the bank's scope of work falls short of what Iranian businesses had hoped for as the bank hews strictly to the US sanctions regime. Date: 12/25/2018