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The Sri Lanka Tea Board has proposed that the payments due from Iran for tea purchases from Sri Lanka be offset against the US$ 250 million that the Ceylon Petroleum Corporation (CPC) owes to Tehran for oil.

German Minister of State for international Affairs, Neils Annen, voiced hope that India would continue to purchase Iranian oil in the face of the US's looming sanctions against Tehran.

Japanese companies are about to stop Iranian oil imports completely on account of imposing U.S. secondary sanctions.

The International Court of Justice (ICJ) on Tuesday said that it has admitted the Iranian complaint against the United States over re-imposition of unilateral sanctions.

The French, British and German governments have told Iran they are exploring activating accounts for the Iranian central bank with their national central banks.

Iranian Head of Blockchain Association reported that 500 bitcoins belonged to Iranian individuals worth 25 billion tomans have been confiscated by U.S. government.

South Korea’s imports of Iranian oil fell 40.3 percent in June from the same month a year ago to their lowest since January 2015, as the country’s buyers’ slashed purchases ahead of the re-imposition of U.S. sanctions targeting Iran.

Just weeks before US sanctions on Iran begin, the Center has approved a proposal from Iranian private lender Bank Pasargad to open a branch in Mumbai, it is learnt. The Finance Ministry has conveyed to the RBI that it has no objection to allowing the Tehran-based Bank Pasargad to open its branch in India.

Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear program agreement with Tehran.

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.