Sanctions-hit Iran props up economy with bartering, secret deals - Reuters:
Washington’s policy of applying “maximum pressure” on Iran with wide-ranging sanctions has shredded the country’s oil revenues, sent its economy into recession and devalued its national currency.
Yet Iran remains defiant in the face of U.S. efforts to compel it to accept tougher restrictions on its nuclear program and scale back support for proxy wars across the Middle East.
Iranian officials, business people and analysts say the country is staying on its feet by stepping up exports of non-oil goods and increasing tax revenues, but most importantly resorting to bartering, smuggling and back-room deals.
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