Economy of Iran

Japan has announced new sanctions against Russia over the crisis in Ukraine that bring Tokyo closer in line with sanctions imposed by the US and the EU.

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We do not call them Islamic banks in Turkey. Banks are banks, administrative apparatuses. In the past, they were termed “Special Finance Institutions” and only after the 2005 amendments to the Banking Law are they now called “Participation Banks.”

EU approves new sanctions - but delays them

BRUSSELS -- Member states of the European Union have formally approved new sanctions Russia, but will delay their application.

This will be done in order to "give Moscow time to continue its peace efforts."

Iran's Foreign Minister Mohammad Javad Zarif will visit Turkey on Aug. 28 before embarking on a mini-tour of Europe that will take him to Russia, Italy, Luxembourg and Belgium, Iranian media reported.
     
In Turkey, Zarif will attend the ceremony inaugurating Recep Tayyip Erdoğan as president.
      

Foreign Minister Mohammad Javad Zarif will meet EU foreign policy chief Catherine Ashton on September 1 in Brussels to agree a framework for renewed nuclear talks, Iran said on Aug. 24.
      

"We would hurt ourselves by imposing sanctions on Russia"

BELGRADE -- If Serbia decided to join sanctions against Russia, it would end up harming its own interests, presidential foreign policy adviser Ivan Mrkić has said.

The Panhellenic Exporters Federation (PSE) has warned the European Commission against the impact of European sanctions against Russia on Greece's exports.

The European Union on Tuesday agreed to curb arms sales to Russia and to cut off financing for five major Russian banks over Moscow's support for rebels in Ukraine.

Iran has offered "rational proposals" in nuclear negotiations but "excessive demands" of the P5+1 world powers are likely to prevent agreement by the July 20 deadline, Tehran's foreign minister said Thursday.
      

The total amount of loans the Turkish private sector received from abroad has surpassed $200 billion for the first time in Republican history, reaching $203 billion in April.

Turkey and Iran should be an economic bridge connecting Europe to Asian countries for regional development, the Iranian president said on his visit to Ankara, calling on Turkish businessmen to invest in Iran as international sanctions ease during his term.