Moscow is working with a number of countries on finding ways to minimize any damage from the new US sanctions against Iran, one of which is to focus on making transactions in national currencies, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.
MOSCOW (Pakistan Point News / Sputnik - 08th November, 2018) Moscow is working with a number of countries on finding ways to minimize any damage from the new US sanctions against Iran, one of which is to focus on making transactions in national currencies, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.
"As you know, Russia is engaged in talks and reach arrangements these are practical arrangements to start transactions in national currencies with a number of countries," Zakharova said at a briefing.
On Monday, the United States fully reinstated sanctions against Iran, including measures that curb the nation's oil industry. These sanctions, in particular, target over 700 Iranian individuals, entities, banks, aircraft and vessels.
Only eight nations China, Greece, India, Italy, Japan, South Korea, Taiwan and Turkey received temporarily exemptions from the sanctions on importing oil from Iran. According to the US State Department, the exemptions will remain in force for 180 days with no planned extensions.
In May, US President Donald Trump announced that the United States would withdraw from the Iran nuclear agreement, officially known as the Joint Comprehensive Plan of Action, and reimpose sanctions against Tehran that were previously lifted under the accord, including secondary restrictions. The first round of the US sanctions was reimposed in August.
