Energy Economy

The two sides met on Friday on the sidelines of the 19th Summit of Shanghai Cooperation Organization (SCO) in Bishkek. the capital of Kyrgyzstan.

Tehran has developed new methods for countering US’ unilateral sanctions. adding that the new plans are being further calibrated to yield better results for the country’s economy.

Senior Iranian lawmaker Ali Motahari said that Washington’s unilateral sanctions have been detrimental even to US’ allies like Japan whose economy has always been dependent on crude imports from Iran.

Iran and Azerbaijan Republic signed a memorandum of understanding (MoU) late on Thursday in the field of road transportation.

Ambassadors of the UK. Germany and France in a statement stressed delivering the first transaction of the Instrument in Support of Trade Exchanges (INSTEX).

The US sanctions are at their peak and their efficiency would lower gradually.

Iranian Foreign Minister Mohammad Javad Zarif blasted the US for imposing tough sanctions against his country. saying that regional tensions will relieve after Washington stops economic warfare against Tehran.

Qatar and Russia have enjoyed a long history of strong bilateral trade relations.

The Importer and Exporter Union of Iraq’s Northern region of Kurdistan called for wider economic relations with Iranian traders. and asked for an office of Sanandaj Chamber of Commerce to be opened in Erbil. the central city of the Iraqi Autonomous Region

South Korea said its economic growth faces prolonged downside risks as uncertainty surrounding external conditions grow more than expected.