Economy of Iran

A Turkish banker convicted of helping Iran evade U.S. economic sanctions deserves a lenient sentence because he at most had a small role “in someone else’s mammoth plot,” his lawyers said.

Greek private sector bank deposits increased slightly in February, resuming a three-month rise that was paused by a dip in January, central bank data showed on Tuesday.

Business and household deposits rose 0.13 percent last month to 124.92 billion euros from 124.76 billion in January. 

French energy giant Total will push ahead with a $4.8 billion deal to develop an Iranian gas field and will seek a waiver if Washington re-imposes sanctions, the firm’s CEO has said.

Sudan's central bank has said it agreed a $2 billion loan from a Turkish company to provide banking facilities and to import petroleum products and wheat.

The volume of the Turkish private sector’s outstanding long-term loans received from abroad rose to $220.6 billion as of December 2017, while short-term loans stood at $18.3 billion, according to an official report on Feb. 19.

Iran has raised bank deposit rates and frozen the accounts of hundreds of foreign exchange dealers in a bid to shore up the value of the rial, reports said on Feb 15.

A judge in New York on Feb. 7 turned down the request by former Turkish state banker Mehmet Hakan Atilla to be acquitted of violating U.S. sanctions on Iran.

The US has imposed sanctions on five Iranian legal entities for their involvement in Iran's missile program, the BNR said. These are industrial companies, affiliates of the industrial group "Shahid Bakery".

Washington is considering the possibility of introducing new sanctions against Iran, the news agencies reported quoting anonymous US administration official.

Deposits in Greek banks rose by just 2.7 billion euros in the year from December 2016 to November 2017, confirming that restoration of the flow of money back into the credit system is proceeding at a particularly slow rate.