TEHRAN, Iran, Dec.2
Trend:
Iran is still selling oil despite U.S. sanctions on Tehran’s exports, country’s Vice President Eshaq Jahangiri was quoted as saying by state TV.
Referring to government support for exporters, Jahangiri said, that bank facilities worth $23 million will belong to export-oriented units.
“It was decided that a committee would review the merger plan of the Export Development Bank and the Export Guarantee Fund and submit the final plan to the government,” the vice president said.
"We need to focus on exports to neighboring countries," the vice president said. “Decision to joining the Eurasian Union was made on this basis. Our exporters should seize the opportunity.”
The US imposed sanctions on Iran in November 2018 and expanded the list of sanctions in several stages.
Iran exported 2.1 million barrels of crude oil daily before the US sanctions. During that time, Iran's crude oil production was around 3.9 million barrels a day.