Tag Archives | European Union

EU Extends Sanctions on Iran for Human Rights Violations

The Council of the European Union has voted unanimously to extend its “restrictive measures” (sanctions) against Iran by one year due to human rights violations. These measures consist of: a travel ban and an asset freeze against 82 people and one entity. a ban on exports to Iran of equipment which might be used for […]

Iran, Airbus to Cooperate in Building Aircraft Parts

The Head of Iran’s National Space Center, Manouchehr Manteqi, said the French plane manufacturer Airbus plans to cooperate with the Islamic Republic in joint projects to produce aircraft parts in the near future. “We will soon begin cooperation with Airbus in the manufacture of aircraft parts,” Manteqi said on Monday. Spare parts manufacturers are the […]

No Immediate Prospect for EU Office in Iran

Iranian Foreign Ministry Spokesman Bahram Qassemi played down expectations for establishment of a European Union office in Tehran any time soon. Speaking at his weekly press conference on Monday, Qassemi suggested that it is unlikely for the European Union’s office to open in Iran in the near future. He said there is still no “precise […]

Why Iran shouldn’t get too Excited about Brexit

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since Britain’s vote to exit the European Union (EU), Iranian media has barely been able to contain its excitement about this historic development. Indeed, many pundits believe the result of the June 23 referendum could […]

UK Seeks to Ease Banking Problems with Iran

By John Lee. The United Kingdom is working with its European partners to help ease the impact of banking restrictions on trade with Iran. Despite the removal of nuclear-related sanctions, U.S. restrictions, including a ban on dollar trading and a freeze on U.S. banks engaging in trade, remain in place. UK Business Secretary Sajid Javid […]