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Iran FM criticizes US over lack of banking ties

Politics Materials 30 May 2016 14:42
Iranian Foreign Minsiter Mohammad Javad Zarif said that international banks are concerned over re-establishing ties with Iran due to heavy penalties introduced by the US
Iran FM criticizes US over lack of banking ties

Baku, Azerbaijan, May 30

By Khalid Kazimov - Trend:

Iranian Foreign Minsiter Mohammad Javad Zarif said that international banks are concerned over re-establishing ties with Iran due to heavy penalties introduced by the US.

US Secretary of State John Kerry has issued several announcements regarding banking ties with Iran but international banks are still concerned, Zarif said at a meeting with a group of Iranian entrepreneurs in Poland.

In a bid to address concerns of overdoing business in Iran, the US Secretary of State John Kerry met with heads of some of European banks in London on May 12 where he reassured that the bankers are not going to be held to some undefined and inappropriate standards.

Zarif said that the problem is that the US government has not taken measures regarding the issue and the US Department of State is not in charge of lifting the sanctions.

Other departments of the US government and the US Court have key roles in the issue of the removal of sanctions, Zarif added.

Meanwhile the international banks do not trust the US, the foreign minister noted.

The Iranian minister further stated that during the EU High Representative for Foreign Affairs and Security Policy Federica Mogherini's mid-April visit to Tehran the issue of banking ties was significantly discussed and the EU is making efforts to remove the obstacles but it will take a while to resolve the problems.

He also called for expansion of bilateral ties between the private sectors of Iran and the EU.

Zarif arrived in Polish capital Warsaw on the first leg of his tour to the north of the Europe May 29. Finland, Sweden and Latvia will be the next destinations of Iranian foreign minister during his tour.

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