NEWS
Insurance  

Official: Iran’s Insurance Industry Unaffected by Sanctions

Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.

Addressing a conference in Tehran on Tuesday, Gholamreza Soleimani said although the insurance industry was one of the first sectors targeted by the US sanctions against Tehran, the Central Insurance of Iran could successfully bypass the restrictions and provide sustainable insurance coverage for Iranian companies.

“At present, there is no big (Iranian) company without insurance coverage,” he added.

On May 8, US President Donald Trump pulled his country out of the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), which was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

On November 4, Washington imposed sanctions on insurers, reinsurers, brokers and shipping firms working with Iran.

However, Iran managed to keep exporting oil to its customers after the local companies began handling the insurance issues in the export of crude shipments.

News No: 2811
Date: 2018/12/05 - 20:14
News Source: Tasnim News

Insurance  JCPOA  shipping 

Comments:

Leave a Comment:

   
   
   
 

Oil Refiners Reveal Hints About Expected Boom

Oil refiners are getting ready for a boom. The plants in Europe and the US are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the shipping industry gets ready for a historic fuel switch.
 

Renault to Return to Iran: Deputy Minister

An Iranian deputy minister said French carmaker Renault SA will return to Iran after it halted cooperation with Iranian companies under the US sanctions.
 

INSTEX President in Tehran for Talks with Iranian Officials

The president of the European Union’s financial mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges (INSTEX) has traveled to Tehran to hold talks with senior Iranian officials on ways to make the mechanism operational.
 

EU to Make Sure Iran Will Receive Economic Dividends of JCPOA: Mogheirni

European Union Foreign Policy Chief Federica Mogherini said the 28-member bloc would continue to make sure that Iran will reap the benefits of the 2015 nuclear deal between Tehran and world powers as the issue of sanctions relief was an integral part of the deal.
 

EU Expresses ‘Resolute Commitment’ to JCPOA, 'Regrets' US Pullout

The European Union expressed its “resolute commitment” and “continued support” for the 2015 nuclear deal between Tehran and world powers, stressing that it will continue working with the international community to maintain the multilateral accord despite Washington's withdrawal.
 

US Senator Seeking to Make Trump’s JCPOA Pullout Permanent

US Senator Jim Inhofe wants to codify President Donald Trump’s measures against the 2015 nuclear deal between Tehran and world powers so that it will not be re-established, a report said.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners