Foreign companies are having a hard time trading with Iran despite some expensive workarounds. But new sanctions will not change the situation much, says Dagmar von Bohnstein from the German-Iranian Chamber of Commerce.
Pakistan's prime minister is facing a backlash over his economic policies, with public discontent growing over increased taxes and rising inflation. On Saturday, a countrywide traders' strike paralyzed business.
Business ties between Germany and Iran have suffered a major setback in recent months. US sanctions against Tehran are ratcheting up pressure on German companies, which have found it hard to stand their ground in Iran.
The US move to reimpose sanctions on Iran and choke off the last remaining sources of Tehran's oil revenue has crippled the Iranian economy. For many ordinary Iranians, it's becoming increasingly hard to get by.
The EU's plan to continue trading with Iran in defiance of US sanctions has, so far, come up short. Tehran wants oil included in the new barter system, INSTEX. Despite US threats, Brussels appears to be listening.
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