Barter Over Dollars: Pakistan Finds a Way to Trade With Iran

Islamabad found a way to preserve economic activity with Tehran while completely ignoring threats of secondary sanctions from Washington. Pakistan Will Not Comply With US Sanctions Pakistan declared that it does not legally recognize and does not intend to comply with unilateral economic sanctions imposed on Iran by the United States or the European Union. This was announced by Tahir Andrabi, an official representative of the country's Foreign Ministry. He confirmed that Islamabad considers itself obliged to comply only with sanctions approved by resolutions of the UN Security Council. According to the minister, his country will continue and intends to expand trade and economic cooperation with Iran on the basis of existing bilateral agreements that do not violate Pakistan's international obligations. Islamabad also has long-term plans to increase bilateral trade to $10 billion.