Russia calls for end to sanctions, EU says no and imposes fresh measures

Russia urged the European Union on Saturday to lift sanctions against Moscow and promised to waive its food embargo, but a top EU official rejected such a move as the bloc imposed fresh measures on Ukrainian rebels. The European Union and the United States imposed economic sanctions on Russia in late July, targeting the Russian […]

majority of Germans back tougher stance on Russia

Although Germans have been wary of sanctions against Russia, a new poll has found that support for the policy has increased lately – even though German exports have taken a hit in recent months. A majority of Germans approve of the European Union’s economic sanctions and of Chancellor Angela Merkel’s hardening stance on Russia over […]

Iran remains hopeful that Lebanon will accept its grant despite obstacles

Iranian envoy Mohammad Fathali expressed hope on Saturday that the Lebanese government could overcome obstacles to facilitate the arms transfer from Iran to Lebanon. “We want to develop ties in a way that does not embarrass the Lebanese government. We thought it was our duty to stand by Lebanon in these difficult circumstances,” Fathali told […]

Iran slams offer for easing gold sanctions

Iran criticized on Monday a reported plan by major powers to demand the closure of a uranium enrichment plant in return for an easing of sanctions on Tehran’s trade in gold and other precious metals, Iranian media reported. The Islamic Republic, which says its nuclear program is peaceful, started building the Fordow plant inside a […]

Iran’s currency drops sharply to an all-time low

Iran’s currency plummeted to an all-time low on Saturday, registering a more than 21-percent drop in a span of two weeks against the U.S. dollar, currency tracking websites and money changers said. The rial was traded at between 39,000 and 40,000 per dollar on the open market on Saturday, down from about 33,000 two weeks […]