EghtesadOnine: Following the reimposition of US sanctions in 2018, almost all foreign automotive partners pulled out of Iran. However, local technology companies gradually stepped in to fill the void.
EghtesadOnline: Despite restrictions resulting from US sanctions, the Central Bank of Iran provided $6.214 billion in subsidized foreign currency to import essential goods over seven months ending Oct. 21.
EghtesadOnline: President Hassan Rouhani called for promotion of economic relations with European states, stressing that bilateral trade should not be affected by the “illegal” and “unilateral” US sanctions.
EghtesadOnline: Foreign Minister Mohammad Javad Zarif said the United States’ attempt to return international sanctions on Tehran within a week is vain because Washington is not globally regarded as a party to the 2015 nuclear deal, formally called the Joint Comprehensive Plan of Action.
EghtesadOnline: Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela operations due to the US sanctions.
EghtesadOnline: Iran’s auto part production sector is having a hard time procuring the raw material and key parts from foreign sources due to the restrictive US sanctions, an industry insider said.
EghtesadOnline: Iran's ambassador to India called on New Delhi and the rest of the international community to stand against the "unjust" American sanctions that are hurting millions of Iranians at a time of the coronavirus pandemic.
EghtesadOnline: The Human Rights Watch on Monday called on the United States to ease its sanctions on the Iranian economy to facilitate the country’s adequate response to the mounting health consequences of the coronavirus pandemic (COVID-19).
EghtesadOnline: European companies exported medical supplies to Iran as part of a mechanism set up to circumvent US sanctions.
EghtesadOnline: A Swiss channel to export food and medicine to Iran without running foul of US sanctions is off to a good start, with dozens of companies keen to take part, a senior Swiss government official said on Saturday.