Thursday , 28 March 2024

Economy

US Sanctions Target 11 Entities, 5 People for Violating Iran Sanctions

VOA – The U.S. Treasury and State departments on Thursday announced sanctions on 11 entities in Iran, China and Singapore for buying and selling Iranian petrochemicals.  In addition, the Justice Department announced two forfeiture complaints against Iran for the recent seizures of Iranian weapons bound for Yemen and refined petroleum bound for Venezuela.  “The two forfeiture complaints allege sophisticated schemes …

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Official Denies Government Meddling Tehran Stock Market

Radiofarda – Iranian government spokesman Ali Rabiei said on Tuesday that a recent fall in the Tehran Stock Exchange index had clear economic reasons, and that that the government had no role in the decline. Denying that the government’s disagreement over the appointment of the head of the Securities & Exchange Organization was the reason for the fall of the …

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Billions Of Iran’s Frozen Assets Await US Presidential Election

Radiofarda – The head of the Iran-South Korea Chamber of Commerce, Hossein Tanhaei, has said that Iran’s blocked money in South Korea amounts to “$8.5 billion” and the release of the money “depends on the outcome of the U.S. presidential election.” Speaking to the state-run Iran Labor News Agency, ILNA, Tanhaei claimed that negotiations between Tehran and Seoul to release …

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Iran desperate to maintain Iraqi financial lifeline

Al-Monitor – Iran’s central bank governor, Abdolnaser Hemmati, recently paid a surprise visit to Baghdad, three days after the United States slapped sanctions on 18 Iranian banks. Iran sees in Iraq an economic lifeline and the only solution to circumvent the US sanctions ordeal, through formal and informal means. A source at the Iraqi Central Bank who was present at an Oct. 12 meeting between Hemmati …

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U.S. Imposes Sanctions On Iranian Entities Active In Oil Sector

Radiofarda – The United States on October 26 imposed fresh sanctions targeting key Iranian companies, entities, and individuals active in the country’s oil sector.The U.S. Treasury Department said in a statement that the activity of those sanctioned supports the Quds Force, the elite foreign paramilitary and espionage arm of Iran’s Islamic Revolutionary Guards Corps.“The regime in Iran uses the petroleum …

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Iran China Trade Plummets Further Despite Grand Plans

Radiofarda – Official data released by Iran’s major trading partners, including China, show the continuing widespread impact of U.S. government sanctions on Tehran’s foreign trade and the significant decline in Iranian exports to these countries in the first nine months of 2020. China Customs released its nine-month trade report on Sunday, October 25. It shows that Tehran’s exports to Beijing …

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Covid-19 Dominates the Labor News in Iran: Download the Bimonthly Report

Radiozamaneh – Over the past two months, poverty, unemployment, and labor protests have spread throughout Iran as the covid-19 numbers are rising and making the situation worse for those workers who have lost jobs as well as those who still have jobs. Zamaneh Media’s 14th bimonthly Labor Rights Newsletter covers covid-19 related unemployment, delayed wages, and labor protests which occurred …

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Rising Suicide Among Iranian Children Due to Poverty

Iran-HRM – Another child committed suicide in Iran, due to poverty and not having a smartphone to participate in online classes. The news of a young girl committing suicide for not having a smartphone circulated in the social media on October 20, 2020. Parastoo Jalili Azar, 13, lived in Talatappeh village near Urmia, capital of the W. Azerbaijan Province, northwestern …

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Misfiring trade policies could lead Iran to deeper trade deficit

With the reimposition of the harsh sanctions against Iranian oil exports in 2018 by the Trump administration, officials in Iran have focused on non-oil exports as the only viable way to meet the country’s foreign exchange needs. But the country’s trade policies have failed to resolve the bottleneck created in the absence of petrodollars. In terms of commodity diversity, most of the …

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Iran Officially Announces Oil For Goods Plan

Radiofarda – Iran says the era of oil for goods will officially start within a week, per the Minister of Oil and the Governor of the Central Bank of Iran (CBI), who announced the government’s plan to exchange oil for goods and expressed hope that Iran’s foreign trade would increase. In a joint meeting with the Ministers of Industry, Mines …

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