The US authorities have prolonged temporary mitigation of sanctions against Iran by six months – such countries, as China, India and Korea are not going to be objects of the US sanctions for the trade relationships with Iran in exchange for a significant reduction of purchase of Iranian crude oil, reported Reuters.
The US Department of States must determine if the Iranian oil consumers have reduced their purchases. The decision to temporary suspend sanctions was made after the US and five other world countries agreed in Geneva in November 2013 to mitigate sanctions against Iran in exchange of partial suspension of the nuclear program by Iran.
“We will continue aggressively applying sanctions within the next six months as we will keep on working on the decision, which will make us sure that the Iranian nuclear program is carried out exceptionally for the peaceful purpose,” reads the official statement of the US Secretary of State John Carrey.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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