IBENA

Oberbank to Leave Iran market

Oberbank, famous Austrian bank, will withdraw from Iran owing to the U.S. sanctions.
EU Biggest Loser from U.S. Sanctions on Iranian Market

With American firms prohibited from working in Iran and European businesses will be the biggest loser fro US sanctions on Iran's market, while Chinese companies can fill the void and reap the benefits, according to analysts.
Iran, China to Embark on Using National Currencies

Iranian Minister of Economy said based on a MoU which was signed between Iran and China, two countries' national currencies will be used in trade exchanges.
Irish Bank Fined 20000 euros Due to Misbehavior against IranianCouple

A bank in Ireland has been ordered to pay €20,000 to an Iranian couple in business here over demanding that they not transfer any funds to bank accounts in their native country.
Six Major European Refineries on Verge of Cutting Iranian Oil Imports

Six big European refineries are cutting their Iranian oil imports due to Trump's withdrawal from nuclear deal last month.
Europe Seeking for U.S. Secondary Sanctions Exemption against Iran

The Ministers of Foreign Affairs, as well as of the economy and finance of France, Germany, Great Britain and the High Representative for Foreign Policy decided [in a letter] to make joint requests to their American counterparts to exempt European companies from extraterritorial secondary sanctions of U.S. against Iran.
Iran Oil Exports Ignore U.S. Sanctions

Iran’s crude oil exports hit 2.7 million bpd in May, higher than its average volumes over the past year, while the US withdrew last month from the Iran nuclear deal and re-imposed sanctions that would kick in later this year.
EIB Rejects EU Proposal to Do Business in Iran Due to U.S. Sanctions

The European Investment Bank has refuted an EU proposal to work in Iran to contribute offset U.S. sanctions and save the 2015 nuclear deal, EU sources told Reuters, under pressure from the United States - where the bank raises much of its funds.
Heavy Shadow of U.S. Sanctions Makes Peugeot Leave Iran Market

PSA Group, the maker of Peugeot and Citroen cars, has suspended its activity in Iran's market due to the U.S. withdrawal from nuclear deal.
U.S. Talks over New Iranian Nuclear Deal with Britain

The White House said Trump made a call British Prime Minister about new Iranian nuclear deal.
Iran, Iraq Oil Swap Kicks off

Iran is going to expand its interests in Iraq by swapping oil amid growing pressure from U.S.A.
Russian Firms Winner Players in Iran Market during U.S. Sanctions

Russian companies working in Iran have an advantage over European rivals – they are already under US sanctions, so they have nothing to lose, TeleTrade Chief Analyst Petr Pushkarev told.
Iran Looking for OPEC Support against U.S. Sanctions

Iran's oil minister has asked OPEC to support his country against what he called illegal, unilateral and extraterritorial sanctions.
Iran,India to Circumvent U.S. Sanctions through Trading in Rupee

India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the US economic pressure on Tehran, industry officials have told.
Indian Banks Set Deadline for Exportersto Finish Transaction with Iran

Two Indian banks have asked exporters to complete their financial transactions with Iran by August in response to the threat of new U.S. sanctions.
IMF to Cooperate with Iran Central Bank's Governor

While 11 days ago U.S. Treasury Department listed Iran Central Bank's Governor on its blacklist, IMF announced that it will work with him and Iran's Central Bank.
Six German Banks Cooperating with Iran Regardless of U.S.Threat

While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Voleksbanken, from southern Germany are appear unafraid and are continuing to provide trade finance.
Central Bank of Iran's Governor Inaugurates New ibena Newsroom

The new newsroom of Economy and Bank of Iran News Network, ibena, was opened by the Governor of Iran Central Bank.
Russia to Electrify Iran Railway without Considering U.S. Sanctions

The state railroad monopoly Russian Railways considers its project on the electrification of the railway in Iran completely civilian and not subject to US sanctions, the company's CEO Oleg Belozerov said.
EU Weighing up to Transfer Money to Iran Central Bank Directly

The European Commission is proposing that EU governments make direct money transfers to Iran's central bank to avoid US penalties, an EU official said, in what would be the most forthright challenge to Washington's newly reimposed sanctions.
EU to Protect European Firms in Iran by Activating Blocking Statute

The European Union will activate legislation banning the bloc’s companies from complying with US sanctions against Iran as soon as Friday, according to European Commission President Jean-Claude Juncker.
Iran,EAEU Ink Temporary Deal to Establish Free Trade Zone

EAEU and Iran have signed a provisional agreement to create a free trade zone during economic forum in Astana.
EU Planning to Settle Oil Payments in euro with Iran

The European Union is planning to switch from US dollars to euros when paying for the oil supplies from Iran, a diplomatic source.
Iran Bans Export of Five Agricultural Products to Iraq

Iran has banned the export of potato, watermelon, melons, pepper and pumpkin to Iraq.
Bulgaria Can Have Direct Banking Relations with Iran by Opening Branch

Iranian Minister of Economy said the Republic of Bulgaria can have a direct banking relations with Iran through opening bank branches.
European Economic Leaders Making Attempt to Alleviate Trump Decision

Germany is set to help its businesses minimize the impact of the US decision to withdraw from the nuclear deal, while France has sought exemptions for companies operating in Iran, according to the countries’ economy ministers.
China Shows Willingness to Replace Total in South Pars Gas Field

Chinese energy giant CNPC is willing to buy French firm Total’s stake in the Iranian South Pars gas project should the latter decide to quit because of US sanctions against Tehran.
Turkey to Pursue Economic Ties with Iran despite U.S. Sanctions

Ankara and Tehran will continue their economic relations despite the US leaving the 2015 nuclear deal with Iran, according to Turkish Economy Minister Nihat Zeybekci.
Chinese Train Heads to Iran

China has officially inaugurated its new train route to Iran, as the US urges its companies to wind down their operations with the Islamic Republic
Several Iranian Companies and Individuals Listed in U.S. Sanctions

The United States imposed sanctions against six individuals and three companies due to funding Quds Force.