Iran, Europe can continue their cooperation without US - OSACO (Exclusive)

Business Materials 30 April 2018 17:58 (UTC +04:00)

Tehran, Iran, April 30

By Kamyar Eghbalnejad – Trend:

The head of OSACO Financial said Iran and Europe can proceed with their economic cooperation even if the United States withdraws from the 2015 nuclear deal between Tehran and world powers, officially known as JCPOA.

OSACO Financial is a globally connected firm of highly experienced financial compliance, anti-money laundering and financial crime experts. Based in Tehran and the United Kingdom, it is focused exclusively on the Iranian financial market, offering a flexible, cost-effective and step-by-step approach, enabling banks to reach globally recognized standards of financial compliance.

“I believe that Iran and Europe can go ahead with their (economic) cooperation even without the US (being part of the deal),” Nader Maleki said in an exclusive interview with Trend.

He then addressed the problem that the European banks may face if Washington quits the international agreement. Maleki believes the first step towards the solution to the problem is cooperation with small banks.

"We should not necessarily work with large and leading banks,” he said.

He said there are still problems facing the process of banking transactions between Iran and other nations, however the situation was getting better.

“I believe it is time for European nations to cooperate with each other and free themselves of the yoke of the US if they want to remain on the path of success,” he said.

US President Donald Trump in January set a 120-day deadline for US lawmakers and European allies to “fix” his predecessor Barack Obama's main foreign policy achievement or face a US exit.