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05/31/16

Iran Presses U.S. To Guarantee No Sanctions On European Banks

Source: RFE/RL

The United States must do more to open up the Western banking system to keep its end of the bargain with Iran under last year's nuclear agreement, Tehran's top diplomat says.

On a tour of Europe to drum up business for Iran now that nuclear-related sanctions have been removed, Iranian Foreign Minister Mohammad Javad Zarif said Western banks have refrained from doing business with Iran as they continue to fear running afoul of remaining U.S. sanctions despite U.S. assurances to the contrary.

"The European countries, and especially the U.S., are not taking the implementation of the nuclear deal seriously enough, especially when it comes to banking," Zarif said on May 31 as he visited Warsaw, Mehr news agency reported.

With the world's largest banks hesitating, Zarif said he wanted the United States to guarantee that no company would be penalized for working with Iran.

Zarif met with Polish leaders, who pledged to increase trade with Iran to $1 billion a year from $57 million in 2014.

Zarif also plans to travel to Finland, Sweden, and Latvia before ending his trip on June 2.

Based on reporting by dpa, AP, and AFP


Copyright (c) 2016 RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036. www.rferl.org

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