Tag Archives: Sanctions

The National Development Fund of Iran had already been impacted by the US sanctions. and the new round of Washington’s bans against Tehran will have no influence on the activities of the entity.

Underlining the vitality of improving exports. Iranian Industry Minister Reza Rahmani announced on Saturday that current production level of petrochemicals in Iran is two times more than the domestic need for such products.

Abdolnaser Hemmati said that the recent US move to re-impose sanctions against the CBI. which has been already sanctioned. proves that Washington is left with no leverage to pose further pressure against Tehran.

Iran has also made huge progress in expanding its gas fields while relying on the domestic expertise.

Iran'.s petrochemical production capacity would cross 100 mt y by 2021.

Iran’s national currency. the rial. has kept its value against other currencies. signaling strength in the face of the new rounds of US sanctions against Tehran which were announced on Friday.

US sanctions against the central bank of Iran will not affect Russian businesses in that country. Russian Special Presidential Representative for Afghanistan. head of the Asian department of Russia’s Foreign Ministry. Zamir Kabulov said.

Abdolnasser Hemmati said that his country’s non-oil economy recorded a 0.4% growth in the first 3 months of the current Persian calendar year (March 21-June 21). adding that it showed that Tehran has contained the negative impacts of US sanctions.

The new sanctions are aimed at blocking Iran’s international transactions and its access to food and medicine.

Iran and Turkey have agreed to launch direct train services between Tehran and Ankara.