Iran, Russia integrate banking systems

52 Iranian and 106 Russian banks integrated their interbank communication and transfer systems for trade and financial operations

Western sanctions against Iran send Iraqi economy reeling

New policies meant to prevent dollar transfers to sanctioned West Asian nations have sent the Iraqi currency spiraling

US slaps new sanctions on Hezbollah-linked individuals, companies

The sanctions target Hezbollah’s Al-Qard al-Hassan institution, an interest free loan withdrawal system used to fund a wide variety of public projects

Lebanon in dire need of ‘equitable’ banking reform, losses exceed $70bn: World Bank

According to the World Bank, Lebanon's inflation rate is expected to average at 186 percent this year

Washington strong-arms Turkey to enforce anti-Russia sanctions: Report

Turkey has remained hesitant about enforcing western sanctions on Russia despite its NATO membership

Under threat of sanctions, some Turkish hotels reject Russian credit cards

Despite several major Turkish banks adopting Russia's payment system, businesses in Turkey are expressing fear of being sanctioned by the west

US, EU increase pressure on Turkey over Russia sanctions

The increase in pressure comes amid a boost in economic and energy cooperation between Moscow and Ankara

Russia, Iran discuss linking card payment systems to overcome US sanctions

Russia is in talks with China and Iran on linking the Russian Mir card payment system with other domestic payment systems

Afghanistan economic crisis deepens as US ignores pleas to lift punitive sanctions

Nearly $10 billion of Afghanistan's foreign reserves continue to be held by the US

Iran’s top negotiator meets with EU coordinator to discuss sanctions-removal process

On the second day of the renewed Vienna talks, Iranian officials debunked western media reports that alleged a "draft of the agreement" was nearly complete

South Korean, UAE presidents discuss arms, energy investment

While South Korea is seeking to improve its military cooperation with the Gulf, the country has yet to release $7-9 billion in funds owed to the Islamic Republic of Iran

Major Russian bank introduces transaction service with Iran

Lately, Iran and Russia have been stepping up banking and trade cooperation in an effort to confront an aggressive western sanction policy

Iran nuclear deal negotiations resume in Vienna after a 10-day break

The future of the deal largely depends on the removal of sanctions the US placed on Iran in 2018

Iran bans imports of South Korean electronic goods to Free Trade Zones

Iran has now taken an effective measure by announcing the ban on importing Korean electronic goods. How will South Korea react?

The US holds Iraq hostage with the dollar

Since 2003, Iraq is required to send all its oil revenues to a single US bank account. Washington is now weaponizing Baghdad's own dollars against Iraq, by devaluing its currency and hindering payments.

Global South: Gold-backed currencies to replace the US dollar

The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.

Iran to receive Russian Su-35s ‘soon’: Official

Tehran has not acquired any new military aircraft since it purchased Russian MiG-29 Fulcrum jets in the 1990s

By the numbers: The de-dollarization of global trade

Data suggests that US dollar reserves in central banks are dwindling, as is the influence of the US on the world economy. This presents a unique opportunity for regional currencies and alternative payment systems to enter the vacuum.

Annual trade between Iran, Oman expected to reach $2bn

During a visit to Muscat, Iranian foreign minister Hossein Amir-Abdollahian delivered a letter from President Ebrahim Raisi that stressed the importance of advanced bilateral cooperation

Xi of Arabia and the petroyuan drive

Xi Jinping has made an offer difficult for the Arabian Peninsula to ignore: China will be guaranteed buyers of your oil and gas, but we will pay in yuan.

Chinese vice premier reaffirms respect for Iran’s territorial integrity

Despite international restrictions and sanctions, bilateral trade between Iran and China increased by nearly 20 percent in 2022

Can Hungary act as a bridge between Iran and Europe?

As Budapest actively implements its own “Look to the East” policy, Tehran will find a potentially useful partner in Europe.

‘Not a choice, but necessity:’ Iran, India recalibrating ties amid geopolitical shifts

Following a drop in trade brought on by US sanctions, New Delhi and Tehran - boosted by their mutual strong relations with Moscow - are set to revamp ties in a new era of Eurasian multipolarity. 

Turkey delivered dozens of missiles to Ukraine: Report

According to the report, Turkey was the first country to supply Ukraine with such high-accuracy weapons systems in the war against Russia

Rewiring Eurasia: Mr. Patrushev goes to Tehran

The meeting this week between two Eurasian security bosses is a further step toward dusting away the west's oversized Asian footprint.

Iranian president receives head of Russian security council

Nikolai Patrushev confirmed that western intelligence is behind the violent riots taking place across the Islamic Republic

Crypto firm Binance processed $7.8 billion in Iranian funds

$7.8 billion allegedly flowed between Iran's largest crypto exchange, Nobitex, and crypto powerhouse Binance

Everybody wants to hop on the BRICS Express

Eurasia is about to get a whole lot larger as countries line up to join the Chinese and Russian-led BRICS and SCO, to the detriment of the west

Journalists in the firing line

Discrediting journalists who buck the dominant narratives of corporate media is becoming a cottage industry. Last week, it was my turn.

Michael Hudson: A roadmap to escape the west’s stranglehold

The geoeconomic pathway away from the neoliberal order is fraught with peril, but the rewards in establishing an alternative system are as promising as they are urgent