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Russian companies working in Iran have an advantage over European rivals – they are already under US sanctions, so they have nothing to lose, TeleTrade Chief Analyst Petr Pushkarev told.

Iran's oil minister has asked OPEC to support his country against what he called illegal, unilateral and extraterritorial sanctions.

India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the US economic pressure on Tehran, industry officials have told.

Two Indian banks have asked exporters to complete their financial transactions with Iran by August in response to the threat of new U.S. sanctions.

While 11 days ago U.S. Treasury Department listed Iran Central Bank's Governor on its blacklist, IMF announced that it will work with him and Iran's Central Bank.

While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Voleksbanken, from southern Germany are appear unafraid and are continuing to provide trade finance.

The new newsroom of Economy and Bank of Iran News Network, ibena, was opened by the Governor of Iran Central Bank.

The state railroad monopoly Russian Railways considers its project on the electrification of the railway in Iran completely civilian and not subject to US sanctions, the company's CEO Oleg Belozerov said.

The European Commission is proposing that EU governments make direct money transfers to Iran's central bank to avoid US penalties, an EU official said, in what would be the most forthright challenge to Washington's newly reimposed sanctions.

The European Union will activate legislation banning the bloc’s companies from complying with US sanctions against Iran as soon as Friday, according to European Commission President Jean-Claude Juncker.