Trump allowed foreign firms of China, Russia and Europe to collaborate on the civilian nuclear program with Iran’s Atomic Energy Organization while Lindsey Graham of South Carolina and Ted Cruz of Texas were extremely disagree with Trump’s decision. Analysts believe that Trump is still hopeful to meet Rouhani which can be a good support before…
Russia
Iranian banks join Russian SWIFT
According to IRNA, Iran’s Financial Electronic Messaging System is prepared to connect to Russia’s Financial Messenger Network (SWIFT) in order to limit bank sanctions. US has restricted Iranian banks’ access to Swift’s financial messenger system to tighten sanctions but Iran tries to make other alternative ways to be connected with the global financial systems. One…
India Asked Moscow to Convince OPEC Countries in order to Produce Enough oil at Firm Prices
India’s oil and steel minister, Dharmendra Pradhan, visited Moscow and discussed for strengthening oil and gas production and keep the prices firm as oil importing countries are suffering from unstable rates, especially after US sanctions against Iran which extremely influence on India’s economy. The cost of oil import in India was reported 111.0 billion dollars…
Iran’s Accession to EAEU
Finally Iran is going to formally be added to Eurasian Economic Union (EAEU) on 27th October 2019. According to Russian media, Mehdi Sanaei, Iran’s ambassador to the country had attended a meeting with a senior EAEU official to finalize an agreement which will form a free trade zone between Iran and the regional union. Sanaei…