Economy of Iran
Private sector’s external debt declines: Data
The Turkish private sector's total outstanding loans received from abroad stood at $158 billion as of March, decreasing by $1.2 billion from the end of 2022.
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US confiscates Iran oil cargo on Greek-managed tanker amid Tehran tensions
The US confiscated Iranian oil on a tanker at sea in recent days in a sanctions enforcement operation, three sources said, and days later Iran seized another oil-laden tanker in retaliation, according to a maritime security firm.
The vessel is managed by Greece-based Empire Navigation.
Supreme Court: Iran sanctions-evasion case against Halkbank to proceed
Expert Jonathan Schanzer, the Foundation for Defense of Democracies' Senior Vice President for Research, joins Thanos Davelis to look into the Supreme Court decision this week that the Turkish state-owned Halkbank remains subject to criminal prosecution in US courts for conspiring to evade US sanctions against Iran.
Russia-Linked Companies Still Winning Billions in EU Procurement Deals
Russian President Vladimir Putin chairs a meeting with the State Council Presidium on developing Russian industry under sanctions during a trip to Tula, Russia, 04 April 2023. EPA-EFE/GAVRIIL GRIGOROV
Top US Treasury official to warn UAE, Turkey over sanctions evasion
The US Treasury Department's top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose US market access if they do business with entities subject to US curbs as Washington cracks down on Russian attempts to evade sanctions imposed over its war in Ukraine.
Iran’s Raisi pledges to tackle inflation
Iranian President Ebrahim Raisi yesterday set the tackling of galloping inflation and currency devaluation as priorities for the 2023-2024 budget presented to parliament.
The pledge came as the rial touched a new low.
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German minister calls for EU sanctions over Iran crackdown
Germany's foreign minister is calling for European Union entry bans and asset freezes against those responsible for what she described as brutal repression against anti-government protesters in Iran.
European Parliament brands Hungary as ‘no longer a democracy’
Hungary responded by saying the European Parliament “would do better to focus on energy prices that have tripled and quadrupled due to the failed sanctions
US sanctions Iranian company over drone shipment to Russia
The Treasury Department also announced sanctions against three companies & one individual involved in drones used by the Islamic Revolutionary Guard Corps
Treasury sanctions Iranian firms for drone sales to Russia
The U.S. Treasury Department has announced that it is levying sanctions against four Iranian companies that it says were involved in sending drones to Russia last month for use in Moscow's war against Ukraine.
Tehran-based Safiran Airport Services, Paravar Pars Company, Design and Manufacturing of Aircraft Engines, and Baharestan Kish Company were all hit with the new sanctions.