Iran businesses set for higher evasion costs

Iran’s small private sector has spent a lot of time and money over the past few years on finding ways to evade international sanctions imposed over the country’s nuclear programme.

That activity could become even more costly than before if further sanctions are imposed against the Islamic regime following the make-or-break talks in Geneva on Thursday.

While western leaders seem more reluctant than before to go for petrol sanctions as the next step, the possibility of further fin­ancial limitations is on the rise.