An Iranian lawmaker says the country’s parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking already rampant inflation.
Tag: cuts
Japan refiners deepen Iran crude import cuts
SINGAPORE/TOKYO April 4 (Reuters) – Japanese refiners will cut Iranian crude imports yet again in April as they shy away from renewing annual contracts, showing continued commitment to U.S.-led sanctions over Tehran’s nuclear programme.
Swift cuts off Iranian banks from its network
Swift, the Society of Worldwide Interbank Financial Telecommunications, has announced that it will no longer work with Iranian companies under EU sanctions.