The state railroad monopoly Russian Railways considers its project on the electrification of the railway in Iran completely civilian and not subject to US sanctions, the company's CEO Oleg Belozerov said in an interview with Sputnik before the St. Petersburg International Economic Forum.

'In Iran, we will be engaged in electrification which is related directly to railway transport. We believe that this is a completely civilian project that does"...

Four decades of conflict between the US and Iran are entering a new stage after Donald Trump's announcement that the US will withdraw from the 2015 nuclear deal.

The US government is poised to reimpose devastating economic sanctions -- on everything from Iran buying or acquiring US dollars, to commerce in Iran's ports, to exports of Iranian oil, to transactions with the Central Bank of Iran, and the list goes on.

The"...

New sanctions on Iran and Russia won’t derail the container market recovery – but would suppress potential growth, said UK shipping consultants Drewry.

It suggested that the impact of worsening trade conditions for Iran and Russia world container demand would be “surprisingly little” considering both countries’ size and importance on the world stage. “The recoveries in Iran and Russia only provided a marginal benefit"...

The Iranian Foreign Ministry has condemned the US for imposing sanctions on the chief of the country’s Central Bank, saying the move shows Washington attaches no value to its international obligations.

“The performance of the US administration shows that it does not attach importance to its international commitments,” the ministry said in a statement on Wednesday.

The"...

The average goods and services Consumer Price Index in Iran during the 12-month period ending May 21, which marks the end of the Iranian month of Ordibehesht, increased by 8% compared with last year’s corresponding period, the Statistical Center of Iran reported.

SCI had put the inflation rate for the preceding month (Farvardin), which ended on April 21, at 8.1%.

The overall"...