Iran to set up monetary agreement with Russia, talks French "credit line" plan
Tehran, Iran, Sept.16
Iran continues its negotiations with France for a financial channel, while it has decided to launch a monetary agreement with Russia and do trade in national currencies of the two countries, said the Iranian Foreign Ministry spokesman Abbas Mousavi.
"Considering the US action to use the dollar as a tool to affect the monetary mechanism of Iran, we've started doing trade in national currency with other countries. The agreement with Russia, we hope, would operate fast, Mousavi said, Trend reports citing ILNA.
The official also spoke about US President Donald Trump's reaction to the extension of a credit line plan for Iran.
Trump has left the impression with foreign officials, members of his administration and others involved in Iranian negotiations that he is actively considering a French plan to extend a $15 billion credit line to the Iranians, if Tehran comes back into compliance with the Obama-era nuclear deal.
"The issue has been discussed after the failure of European countries to stick to their commitment and establish financial channel for oil sale and bank advances. It was France's suggestion and it is unfortunate that some countries need to ask others for their obligations," he said.
"Their commitment was supported by the Security Council Resolution but for implementing the commitment, they should asks for other approval," he noted.