Iran May Look North to Skirt US Sanctions

14:42, November 25, 2012

By Justin Vela

YEREVAN – As legislators in the United States debate new sanctions for Iran, both the regime and ordinary Iranian citizens are looking to their northern neighbours in the South Caucasus, the region between Turkey and Russia, as a way to maintain links to the outside world.

Siyamak Bolandi, an Iranian businessman who has lived in Armenia’s capital city of Yerevan for the past 13 years and imports carpets from Iran, said that even his business has been affected by the strength of international sanctions on Iran. 

“I also import goods from Turkey,” he said. “If I was only working with Iran my business would suffer by 50 per cent.”  Read more... (953 words)

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