Iran, China sign document to expand customs ties

19 May 2021 – Iran and China agree to expand customs cooperation under a document signed Wednesday. Iran and China have signed a document to expand their cooperation in the field of customs as the two countries eye increased trade ties under a 25-year economic partnership deal. The document was signed on Wednesday between the…

The ‘Zangezur Corridor’ is a geo-economic revolution

17 May 2021 – The South Caucasus region has the opportunity to become one of Eurasia’s most important transport corridors. The current world situation has been dramatically affected by the Covid-19 pandemic, as well as regionalisation, the widespread use of digital media, WTO rule-breaking, trade wars and the incident with the ship Ever Given in the Suez…

Feds: CT man smuggled his company’s cosmetics into Iran

6 April 2021 – RIDGEFIELD A local man has been accused of participating in a years-long scheme to smuggle cosmetics in Iran while he served as president of a New York company, according to federal prosecutors. Michael Rose, 50, of Ridgefield, was charged by an indictment Tuesday with conspiring to violate the International Emergency Economic…

USA: BIS FINES GERMAN AIRCRAFT SERVICES PROVIDER, SUSPENDS EXPORT PRIVILEGES FOR PROCURING PARTS TO IRAN

9 March 2021 – BIS fines German company & issues 3 years suspended export ban for Iran sanctions violations The Bureau of Industry and Security (BIS) denied export privileges for a German aircraft maintenance company MSI Aircraft Maintenance Services International GmbH & Co. (MSI) and fined it a civil penalty of $51,921 for procuring U.S.…