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Russia may launch settlements with Iran in national currencies in order to continue bilateral cooperation despite the US sanctions against Tehran, Russian Energy Minister Alexander Novak said.

According to a statement issued by the Iraqi Prime Minister, the European Union's foreign policy chief told him that the EU was willing to back Iraq on its stance on sanctions imposed on neighboring Iran by the United States.

The US has declared economic war on Iran: after having pulled out of the UN security council-endorsed nuclear deal in May, the Trump administration is now unilaterally combating the right of the rest of the world to engage in legal trade with the Islamic Republic.

The Russian Association of Cryptoindustry and Blockchain (RACIB) has signed a cooperation agreement with the Iran Blockchain Labs, one of the leading expert organizations of Iran, which is responsible for introducing digital technologies into the country's economy, according to Russia's RBK news network.

Austria Foreign Ministry said Austria is not fond of hosting SPV to keep European trade with Iran.

The blacklisting of Iran from international financial messaging system SWIFT serves as a warning to Washington’s enemies, but will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told.

The Iranian Central Bank has been cut off the SWIFT financial messaging system, the US Treasury Department has said.

Iraq can continue to import natural gas and energy supplies from Iran for a period of 45 days, the United States has said, several days after reimposing sanctions.

The Belgium-based SWIFT financial messaging service will be disconnecting some Iranian banks this weekend, said SWIFT chief executive Gottfried Leibbrandt at an event in Paris on Friday.

CEO of Informatics Services Corporation said Iran's national cryptocurrency will be handed in banks for financial exchanges.