Tag Archives: Trade

The USA is declaring trading war against major economic entities like China and EU.

The problem with the quality of oil coming from Russia to Belarus and Eastern Europe through Druzhba arose last week.

Trump’s choice has faced opposition of the international community.

A non-oil trade surplus of $12.54 billion was registered in favor of Iran during the period.

The US decision damages regional cooperation and Turkey’s trade relations.

Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran. currently the third-largest supplier of crude to the Middle East’s biggest economy.

South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.

The US decision to end waivers for purchase of crude oil from Iran will not impact the Chabahar port project being developed by India. a US State Department official has told PTI news agency.

US President Donald Trump last year pulled out of a landmark 2015 nuclear deal with Iran.

Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.