The head of the Iran-Russia Joint Chamber of Commerce stated that sanctions had prevented Iran from utilizing Eurasia's capacity.
Iranian Labour News Agency
The head of the Iran-Russia Joint Chamber of Commerce stated that sanctions had prevented Iran from utilizing Eurasia's capacity.
The United States is weighing new sanctions on Iran’s oil sales to China as a way to pressure Tehran to commit to a nuclear deal, sources familiar with the matter told The Wall Street Journal (WSJ) on Monday.
“If the sanctions against the Islamic Republic of Iran are not lifted by February 21, especially in the fields of finance, banking, and oil, we will definitely expel the International Atomic Energy Agency inspectors from the country,” said Ahmad Amirabadi, A member of the Parliament Presiding Board, in a televised program on Saturday.
According to the latest statistics released by General Administration of Customs of the People’s Republic of China (GACC), the trade volume between Iran and China has declined 38.5 percent in the first three quarters of the current year comparing to the same period in 2019 due to the sanctions and the outbreak of coronavirus.
Vice President of India-Iran Chamber of Commerce Parham Rezaei believes that change in the U.S. political policy regarding Iran will affect the cooperation of Indian UCO Bank with Iran.
As the Trump administration continues to slap more sanctions on Iranian oil and launches a flurry of enforcement actions, seizing Iranian weapons and oil bound for Venezuela, some are hedging that a potential Biden victory could lead to a relaxation of sanctions on Iran and a return to the market of Iranian oil.
Vice president of India-Iran Chamber of Commerce Parham Rezaei says Iran and India’s trade exchange has declined due to the U.S. sanctions and outbreak of coronavirus, adding that sanctions accounted for 50 percent of this decline.
Iran’s Permanent Representative in the United Nations Majid Takht-Ravanchi termed US' act to impose sanctions on Iran as impractical, saying the US will never see the return of terminated resolutions.
The Political science professor at New Hampshire University Kurk Dorsey says that U.S president believes that the sanctions punish the Iranian government and leadership more than the Iranian people, and he is mad at the Iranian leadership for not doing what he wants.
Iran is expanding its oil-production capacity in anticipation that an eventual end of sanctions would allow it to wrest back its share of the global crude market, according to Oil Minister Bijan Namdar Zanganeh.