India and Russia to activate INSTC, risking US sanctions

India and Russia to activate INSTC, risking US sanctions

New Delhi: India and Russia are making strong movements to boost bilateral trade by starting transport through Iran. For this, a new 7,200 kilometres long International North-South Transport Corridor (INSTC) is being built. Currently, the United States has imposed harsh sanctions on Iran and is imposing tough sanctions on the countries conducting trade with Iran, […]

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Russia will complete ‘Nord Stream 2’ despite the US sanctions, warns Russian President Vladimir Putin

Russia will complete ‘Nord Stream 2’ despite the US sanctions, warns Russian President Vladimir Putin

Moscow/Washington: Russian President Vladimir Putin warned the United States that Russia will complete the ambitious Nord Stream 2 project, despite the sanctions imposed by US President Donald Trump. A European company announced its withdrawal from the project, within a few hours of the imposition of sanctions. Therefore, there is a possibility that the project may […]

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Islamic countries should use Gold Dinar or Barter exchange to bypass US sanctions, appeals Malaysian Prime Kuala Minister

Islamic countries should use Gold Dinar or Barter exchange to bypass US sanctions, appeals Malaysian Prime Kuala Minister

Lumpur: Malaysian Prime Minister Mahathir Mohammed advised that the Islamic countries should start using Gold Dinar as currency or barter exchange system. Mahathir Mohammed expressed confidence that this would facilitate countering sanctions imposed by countries like the United States. Iran and Turkey have supported the idea, and there are indications that steps will be initiated […]

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European company withdraws from Nord Stream 2 after US sanctions, criticise Russia and Germany

European company withdraws from Nord Stream 2 after US sanctions, criticise Russia and Germany

Washington/Moscow: US President Donald Trump signed the proposal for imposing sanctions against the ambitious Nord Stream 2 gas pipeline between Russia and Germany. European company ‘Allseas’ withdrew from the project, within hours of the signing of the order. This withdrawal has rocked the project and Russia, as well as Germany, have fired strong salvos of […]

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Six European countries joint INSTEX to cooperate with Iran bypassing the US sanctions  

Six European countries joint INSTEX to cooperate with Iran bypassing the US sanctions  

Brussels: Six more European countries have joined the system which is designed to establish cooperation with Iran and circumvent US sanctions. Belgium, Denmark, Finland, Netherlands, Norway and Sweden joined the INSTEX economic system and declared that they would continue to trade with Iran. Earlier, the United Kingdom, Germany and France started using the INSTEX system. […]

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The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]

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Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]

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