Iran says in touch with partners on waivers

DUBAI (Reuters) - Iran said on Monday a U.S. decision not to renew sanctions waivers has 'no value' but that Tehran was in touch with European partners and neighbours and would 'act accordingly', Iranian news agencies reported, citing the Foreign Ministry. U.S.

Reuters April 23, 2019 01:05:37 IST
Iran says in touch with partners on waivers

Iran says in touch with partners on waivers

DUBAI (Reuters) - Iran said on Monday a U.S. decision not to renew sanctions waivers has "no value" but that Tehran was in touch with European partners and neighbours and would "act accordingly", Iranian news agencies reported, citing the Foreign Ministry.

U.S. President Donald Trump has decided not to reissue waivers in May allowing importers to buy Iranian oil without facing U.S. sanctions, the White House said.

"The waivers ... have no value but because of the practical negative effects of the sanctions, the Foreign Ministry has been ... in touch with foreign partners, including European, international and neighbours and will ... act accordingly," the agencies quoted the ministry as saying.

(Reporting by Dubai newsroom; Editing by Edmund Blair)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Airline easyJet's first-half loss widens as COVID-19 hurts travel, seeks cash
Business

Airline easyJet's first-half loss widens as COVID-19 hurts travel, seeks cash

(Reuters) - Budget airline easyJet on Wednesday reported a bigger loss for the first half as it took a 160-million-pound hit ($199 million) from failed fuel hedging as the COVID-19 pandemic brought global air travel to a virtual standstill. The London-listed company reported a pretax loss of 353 million pounds for the six months ended March 31 from a loss of 272 million pounds last year. Revenue rose 1.6%, though easyJet took a hit from strikes in France, and storms Ciara and Dennis.

Bayer settles Roundup cancer lawsuits for up to $10.9 billion
Business

Bayer settles Roundup cancer lawsuits for up to $10.9 billion

FRANKFURT (Reuters) - Bayer AG on Wednesday said it agreed to settle U.S.

Sudan to establish trade financing fund in face of forex shortage
Business

Sudan to establish trade financing fund in face of forex shortage

KHARTOUM (Reuters) - Sudan will create a trade financing fund with a portfolio of $2 billion to aid the import and export of key commodities such as wheat, the Finance Ministry said, as the supply of foreign currency in circulation dwindles. Sudan's economy is at risk of freefall, hammered by an inflation rate of more than 100% and frequent shortages of bread, fuel and medicine. The country's currency has also fallen to a record low of 150 Sudanese pounds to the dollar on the black market compared with 55 at the official rate