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Iran’s President Hassan Rouhani has expressed the outcome of his visit after meeting the founder of the Islamic Republic, Ayatollah Ruhollah Khomeini, south of Tehran, Iran, stating that EU is set to lunch an European mechanism that will permit non-dollar trade with Iran, aiming to overcome U.S sanctions.
However, a source confirmed that the idea is for the SPV to help preserve the economic benefits for Iran derived from the curbs it placed on its nuclear program under a 2015 deal with world powers.
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The EU has been preparing the system, in effect a clearing house that avoids monetary transfers in dollars between the EU and Iran for months although it is unlikely to become operational for several months due to technical details.
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India dismissed 15 top officials
India on Tuesday sacked 15 senior tax officials facing probes in corruption cases, sending across a tough message to bureaucrats taking kickbacks for facilitating tax evasion by companies, a government statement said.
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Last week, the government had dismissed 12 income tax officials who were mainly facing corruption charges.
India improved its ranking, among 180 countries, by three points to 78th on a global corruption index in 2018, according to the annual index of the Transparency International, an anti-graft watchdog.
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