Europe, Iran banking relations still pending

TEHRAN, May 15 (MNA) – Iranian Deputy FM Araghchi said major European banks have not launched interactions with domestic banks yet.

In a telephone conversation with IRIB, Iran’s Deputy Foreign Minister for Legal and International Affairs Seyed Abbas Araghchi said “extremist lobbies in the US, Israel and some stated like Saudi Arabia are making efforts to prevent Iran from ‘harvesting the fruits’ of the Joint Comprehensive Plan of Action (JCPOA).”

“Although prominent European banks have not initiated ties with Iranian counterparts, some medium and small banks in Europe have begun interactions with the country by opening Letters of Credit (LCs),” he added.

Deputy FM noted “the interference caused by extremist lobbies in the US, Saudi Arabia and the Zionist regime for disseminating Iranophobia have made European banks doubtful in resuming cooperation with Iran.”

The official referred to the measures taken by the Ministry of Foreign Affairs to fix the problem stressing “the steps have prompted certain actions on the part of some European and American governments though the issue is proceeding with hesitations.”

“It seems that lack of financial discipline in Iranian banks has also contributed to the problem while the issue is being resolved by the Central Bank of Iran (CBI),” underlined Arghchi.

Deputy FM for legal and international proceedings further said “the pressure put on Obama’s administration by the hardline lobby inside the US was once preventing the purchase of heavy water from Iran on the grounds that the action would give Iran legitimacy and credibility.”

“Iran possesses enough heavy water as we are exporting the surplus and America’s action in purchasing the product from Iran indicates the attention given to the strategic commodity and recognition of Iran’s nuclear activities,” emphasized the official.

Deputy FM also stated “Obama administration and European deem JCPOA as a great achievement as they want to keep the nuclear deal by fulfilling their commitments though certain pressures and lobbies are hindering the process.”





News Code 116578


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