All tagged Tehran

As Sanctions Impede Business, Where Next for Iran-Italy Relations?

◢ Despite strong relations, President Trump’s withdrawal from the JCPOA and his reimposition of economic sanctions has introduced significant challenges for Italian enterprises active in Iran. As with other European companies, Italian firms are unwilling to jeopardize their presence in the US market for the sake of opportunities in Iran. Yet, Italy and Europe have every interest to see that Iran continues to be an important trading partner and a supplier of energy.

Cañete to Discuss Vital Central Banking Solution on Iran Visit

◢ Europe’s Commissioner for Climate Action and Energy, Miguel Arias Cañete is set to travel to Tehran this weekend. Cañete’s visit will include discussions on possible new payment mechanisms designed to allow Europe to repatriate oil revenues to Iran’s central bank despite despite Trump’s withdrawal from the nuclear deal, offering a vital lifeline for the Iranian economy as sanctions begin to bite.