Green Light to US Firms’  Foreign Units
Economy, Domestic Economy

Green Light to US Firms’ Foreign Units

The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the US Treasury Department said on Saturday. US citizens and companies are otherwise banned from trading with Iran, with few exceptions, by American sanctions that will remain in place even after the nuclear deal, Reuters reported. US authorities have also lifted restrictions on non-American purchases of Iranian oil, as well as the sale of goods and services, including automobiles, steel, coal, gold and insurance to major Iranian government entities, the department said.

Short URL : http://goo.gl/V2eGYf
  1. http://goo.gl/ElC6eq
  • http://goo.gl/AdiZry
  • http://goo.gl/fCmky9
  • http://goo.gl/gIb33O
  • http://goo.gl/EXmGA6

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
The world’s 67 steelmakers produced 1.21 billion tons of crude steel during the eight months, up 4.9% YOY.
Iranian steel mills produced 13.44 million tons of steel from...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...