French banks’ freezing Iranian accounts nothing new, says official
Baku, Azerbaijan, Oct. 10
By Elnur Baghishov - Trend:
For at least two years, French banks have been identifying and freezing accounts of Iranian citizens, therefore, this is not something new and shouldn’t be exaggerated, Mehdi Miremadi, Iranian co-chair of the Franco-Iranian Chamber of Commerce and Industry, said in an interview with ISNA.
He said that French banks were freezing accounts of Iranian citizens before the sanctions as well. Many banks even froze the accounts of Iranian citizens even at the time of signing the Joint Comprehensive Plan of Action (JCPOA), he added.
Miremadi noted that freezing bank accounts wasn’t due to new sanctions, but started in the previous period of the US sanctions.
It will be possible to transfer money to and from banks in Europe and Iran until November 4, he said. After November 4, it will be difficult to transfer money because the Central Bank of Iran is also in the sanctions list, he added.
It is necessary to wait for an agreement to be reached between Europe and Iran, and then it will be possible to transfer money, he said.
He noted that the agreement with Europe and the approval of the Financial Action Task Force (FATF) will be very helpful.
Miremadi added that companies wishing to trade with Iran aren’t included to the US sanctions list, and they agreed to cooperate with Iran even if they are included to the sanctions list.