Economy of Iran

"We would hurt ourselves by imposing sanctions on Russia"

BELGRADE -- If Serbia decided to join sanctions against Russia, it would end up harming its own interests, presidential foreign policy adviser Ivan Mrkić has said.

The Panhellenic Exporters Federation (PSE) has warned the European Commission against the impact of European sanctions against Russia on Greece's exports.

The European Union on Tuesday agreed to curb arms sales to Russia and to cut off financing for five major Russian banks over Moscow's support for rebels in Ukraine.

Iran has offered "rational proposals" in nuclear negotiations but "excessive demands" of the P5+1 world powers are likely to prevent agreement by the July 20 deadline, Tehran's foreign minister said Thursday.
      

The total amount of loans the Turkish private sector received from abroad has surpassed $200 billion for the first time in Republican history, reaching $203 billion in April.

Turkey and Iran should be an economic bridge connecting Europe to Asian countries for regional development, the Iranian president said on his visit to Ankara, calling on Turkish businessmen to invest in Iran as international sanctions ease during his term.

Iran’s investment interest in Turkey is rising, as it provides a route to break into the global economy, Aegean-Iran Cooperation Association has said to Anadolu Agency in İzmir.

Iran's chief negotiator said June 8 that direct talks agreed between Tehran and Washington are essential, as discussions on his country's disputed nuclear programme are entering a "serious phase."

The EU's foreign ministers are meeting on Monday in Brussels to discuss the situation in Ukraine and to possibly agree on extending sanctions against Russia.

The EU has declared illegal Sunday's referendums in Donetsk and Luhansk for breaking away from Ukraine.

“The IEA did not suggest that Albania broke sanctions on Iran and any report that says otherwise needs to run a correction,” Magdalena Sanocka, a spokesperson for the IEA, said.

Sanocka said its report only mentioned Albania as a temporary destination for an Iranian oil tanker, which eventually unloaded its cargo elsewhere.

Greek bank deposits rose slightly in March after a drop in the previous two months, central bank data showed on Tuesday.

Business and household deposits rose to 161.05 billion euros ($223 billion) from 160.54 billion in February, the Bank of Greece said.

[Reuters]