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Iran gets back 13 tonnes of gold in sanction relief

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Tehran: Iran has received 13 tonnes of gold which had been held in South Africa for two years due to sanctions, Iran’s central bank announced on Wednesday.
The gold was delivered to the central bank on Tuesday night. After purchasing the gold, Iran had to deposit it in South Africa as sanctions blocked its way to Iran, semi-official Fars news agency quoted Central Governor Valiollah Seif as saying.
The report did not mention where and when did Iran purchase the gold, according to Xinhua.
Seif thanked Iranian nuclear negotiators for the return of the gold, saying that their efforts at the Vienna talks helped to free the frozen asset.
Iran has received $4.2 billion in unfrozen assets under the 2013 interim agreement with the US and was then given another $2.8 billion by the Obama administration last year in a bid to keep Tehran committed to the talks. (IANS)

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Iran President Gearing Up For His India Visit To Discuss Trade And Policies

The visit will be used to discuss trade and policies between the two countries

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Iranian President Hassan Rouhani will discuss trade policies and other issues during this visit of his. http://www.telegraph.co.uk
Iranian President Hassan Rouhani will discuss trade policies and other issues during this visit of his. http://www.telegraph.co.uk
  • Iran president Hassan Rouhanito come on a three-day visit to India
  • The visit will be used to discuss trade and policies between the two countries
  • Business traders of both the countries will do a meeting soon too

Iran President Hassan Rouhani will come on a three-day visit to India starting Thursday at the invitation of Prime Minister Narendra Modi, the External Affairs Ministry announced on Wednesday.

Modi and Rouhani will hold a bilateral meeting here on Saturday, during the course of which both sides would review the progress achieved in bilateral relations and also exchange views on regional and international issues of mutual interest, according to a ministry statement.

Iranian President Hassan Rouhani to visit India soon. Photo Credit: observer.com
Iranian President Hassan Rouhani to visit India soon. Photo Credit: observer.com

Rouhani will also call on President Ram Nath Kovind on Saturday.

According to Iranian news agency Irna, Rouhani will first arrive in Hyderabad on Thursday where he will meet the city’s Muslim Ulemas. He will also meet Iranian nationals, including students, residing in India.

Citing the Iran President’s deputy chief of staff for communications and information Parviz Esmaeili, Irna said following the delegation-level talks on Saturday, both sides will sign a number of agreements.

Also Read: Iran Accuses CIA for spreading ‘Fake News’ about Tehran’s support to Al Qaeda

Business leaders of both sectors are also scheduled to hold a joint meeting to review cooperation opportunities and capacities, according to Esmaeili.

This will be Rouhani’s first visit to India after he assumed office in 2013.

It comes after Modi’s visit to Tehran in 2016 during which a trilateral agreement on transit and transport was signed between India, Iran and Afghanistan.

The first phase of the port was inaugurated by President Rouhani in December last year, a little over a month after the first consignment of wheat from India to Afghanistan was sent via this facility.

Iranian President Hassan Rouhani has already talked to the Indian
Iranian President Hassan Rouhani has already talked to the Indian
President Ram Nath Kovind. Wikimedia Commons

The port opens a new strategic transit route between Iran, India, Afghanistan and other Central Asian nations bypassing Pakistan.

India-Iran bilateral trade stood at $12.89 billion in 2016-17, according to figures provided by the External Affairs Ministry. IANS

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