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Iran Business and Economic News in Third Week of the July Comp. Star Marine Services

Original Source: www.NewsNow.co.uk

Quarterly export from Semnan province increases 38% year on year

TEHRAN- The value of export from Semnan province, in the north central Iran, increased 38 percent in the first quarter of the present Iranian calendar year (March 21-June 21), as compared to the same period of time in the past year, according to a provincial official. Please visit the following link for more information:

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Expanding Iran-Russia banking coop. to neutralize sanctions

TEHRAN, Jul. 16 (MNA) – The Vice Chairman of Plan and Budget Commission of Iranian Parliament said that the expansion of economic, monetary and banking ties between Iran and Russia is an important measure to neutralize economic and banking sanctions. Please visit the following link for more information:

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Will barter arrangements revive Iran’s sanctioned economy?

It is no secret that external sanctions have imposed massive costs and limitations on Iran’s economy and international trade. Barter arrangements are among the remedies that Iranian authorities have considered to reduce the constraints caused by commercial and banking sanctions. However, it is a controversial policy among various stakeholders, especially when Iran is considered the weaker trading partner. Please visit the following link for more information:

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