Tag Archives | sanctions

New US Sanctions Could Help Peugeot in Iran

New US Sanctions Could Help Peugeot Extend Its Lead in Iran’s Car Market A senior official with the giant French automotive Peugeot Citroen said recent new US sanctions against Tehran could play to the vehicle manufacturer’s advantage. “This is our opportunity to accelerate,” Peugeot Africa and Middle East chief Jean-Christophe Quemard said at a recent […]

Amazon Could Face Penalties for Iranian Business Ties

Amazon.com, the American electronic commerce and cloud computing company, has said it sold and delivered goods to certain Iranian individuals and entities covered by US sanctions. The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered […]

Total says Iran Investment Depends on Renewal of US Waivers

By John Lee. French oil major Total plans to make a final investment decision on its $2-billion Iranian gas project by the summer, according to reports from Reuters and PressTV. But Chief Executive Patrick Pouyanne (pictured) told journalists that the decision hinges on the renewal of U.S. sanctions waivers, which are due to be renewed […]

US Firms may be Hindered in Iranian Oil Projects

Iran has imposed no restrictions on U.S. oil firms willing to take part in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister has said. “Iran has not imposed any restrictions on the U.S. companies, but they cannot participate in our (oil and gas) tenders due to the […]

US puts Sanctions on Iran after Missile Test

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned multiple entities and individuals involved in procuring technology and/or materials to support Iran’s ballistic missile program, as well as for acting for or on behalf of, or providing support to, Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). This action reflects the […]

US Senators introduce Iran Non-Nuclear Sanctions Act

U.S. Senators Marco Rubio (pictured) (R-FL), Todd Young (R-IN) and John Cornyn (R-TX) have reintroduced the Iran Non-nuclear Sanctions Act, legislation that would impose harsh financial and economic sanctions countering Iran’s non-nuclear provocations, including its ballistic missile violations, human rights abuses and support for international terrorism. “After years of unilateral concessions and flexibility by the […]

“No Restriction” on Sales of Airbus Parts to Iran

The chairman of Iran Air has announced that there is no restriction on Iran to supply spare parts of the commercial planes manufactured by France’s Airbus, except for one “sensitive part” used for air navigation. A licence has been given to the Airbus, Boeing and ATR to sell airplanes and their spare parts to Iran, […]

Is Rouhani Repeating Ahmadinejad’s Tricks in Currency Market?

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. Ever since the rial hit an all-time low against the greenback on Dec. 27, top monetary policymaker Valiollah Seif (pictured) has been reiterating that the Central Bank of Iran (CBI) will use every tool available […]

Deciphering Iran’s Sudden Currency Fluctuations

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Recent fluctuations in the free market rate of the Iranian rial have caused concerns within the country’s business community that the currency may experience a sharp decline in value due to economic and political […]