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:

   
   
   
 

Next JCPOA Session Unrelated to Dispute Mechanism: Iranian Spokesman

Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi said a forthcoming session of the JCPOA Joint Commission in Austria will have nothing to do with the nuclear deal’s dispute resolution mechanism.
 

China logistics crunch hits Europe scrap metal exports

Severe logistical disruption and port congestion in China since the end of January has slashed the global availability of shipping containers, and many European exporters of non-ferrous scrap have warned of more delivery delays and further price increases in Asia-Pacific in the coming months.
 

EU Extends Timeline for Dispute Mechanism on JCPOA

The EU’s top diplomat Josep Borrell extended the time available to discuss ways to save the 2015 nuclear deal between Tehran and world powers under a dispute mechanism triggered by France, Germany, and Britain.
 

Iran’s 5th Step Keeps Balance in JCPOA, Diplomat Says

An Iranian deputy foreign minister said the country’s fifth and final step to reduce its commitments to the 2015 nuclear deal has helped to restore the balance in the Joint Comprehensive Plan of Action (JCPOA).
 

Iran Says to Continue Cooperation with IAEA after Taking 5th Step

Iran’s Foreign Minister Mohammad Javad Zarif said the country would continue to fully cooperate with the IAEA despite its decision to take the fifth and final step in reducing its commitments under the 2015 nuclear deal.
 

Iran Announces Last Step to Reduce Commitments to 2015 Nuclear Deal

Iranian government on Sunday announced the decision to take fifth and final step in reducing commitment under the 2015 nuclear deal.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners