Reported by HPMM Group according to Real Iran  ;   Europe’s biggest economic powers are planning to create a “special purpose” financial company to thwart U.S. President Donald Trump’s sanctions and help Iran to continue to sell oil in the EU. The move, by France, Germany and Britain, and supported by the EU, is likely to enrage Trump, who in […]

 Reported by HPMM Group according to TEHRAN TIMES  ;  Austrian Ambassador to Tehran Stefan Scholz has welcomed the resistance economy initiative introduced by the Leader of the Islamic Revolution Ayatollah Ali Khamenei. In an interview with IRNA published on Saturday, Scholz said, “We are proud to be a partner in the transformation of Iran’s economy and I must say […]

 Reported by HPMM Group according to TEHRAN TIMES  ; Two top American financial institutions would not commit to cutting Iranian access to international financial markets, a cornerstone of the Trump administration’s new sanctions on Iran, adding fuel to concerns among U.S. officials about efforts by European countries and Iran’s regional allies to skirt the new American sanctions ahead […]

Reported by HPMM Group according to ASHARQ AL-AWSAT  ;  Iran’s legal challenge against renewed sanctions by the United States goes before the UN’s top court Monday, as Tehran seeks to avert painful punitive measures that could hurt its still fragile economy, AFP reported on Friday. Tehran filed a suit against US President Donald Trump’s decision to reimpose […]

Europe should look to bypass U.S. payment systems by creating its own financial channels, a European monetary fund and international bank transfer system like SWIFT, Germany’s foreign minister has said. Reported by HPMM Group according to TEHRAN TIMES  ;   Writing in the German Handelsblatt newspaper, Foreign Minister Heiko Maas called for the setting up of independent payment channels, […]

Iran’s legal challenge against renewed sanctions by the United States goes before the UN’s top court Monday. Tehran filed a suit against US President Donald Trump’s decision to reimpose economic sanctions at the Hague-based International Court of Justice last month, AFP reported. Reported by HPMM Group according to IRNA; After unilaterally pulling out of a historic hard-won […]

 Reported by HPMM Group according to MEHR NEWS ;  An official at Australia’s foreign affairs and trade ministry, while criticizing US for violating the 2015 Iran nuclear deal, stressed Melbourne’s resolve to maintain trade transactions with Tehran despite US sanctions. Justin Lee, First Assistant Secretary of Australian Foreign Affairs and Trade Ministry’s Multilateral Policy Division, made the […]

  Reported by HPMM Group according to IRAN FRONT PAGE ;    The United States is still the main importer of Iranian carpets despite the sanctions it has imposed on the country’s economy. Iran exports $126 million worth of carpets (27.9%) to the US, $57.5 million to Germany (13.6%), $30 million to Lebanon (7.1%); $23.4 million to the […]

  Reported by HPMM Group according to MEHR NEWS ;  President of Iran-Italy Joint Chamber of Commerce said Thu. that the two countries will continue their banking transactions by ditching dollar in the face of US sanctions. Ahmad Fallahpour made the announcement on Thursday, adding “given the fact that Italy’s economy mostly relies on small and medium-sized […]

Reported by HPMM Group according to DAWN ;  The Ministry of Energy (MoE) has been asked to finalise its evaluation of the impact of US sanctions on Pakistan’s options for growth of economic relations with Iran, particularly in the energy sector. The task for coming come up with firm recommendations for future course of action was assigned […]