Arab Today, arab today iran west not sticking to commitments on easing sanctions
Last Updated : GMT 05:10:45
Arab Today, arab today
Arab Today, arab today

Iran: West not sticking to commitments on easing sanctions

Arab Today, arab today

Arab Today, arab today Iran: West not sticking to commitments on easing sanctions

Iran's head of Atomic Energy Organisation Ali Akbar Salehi (L)
Washington - AFP

The international community is not sticking to its promises to lift sanctions on Iran in the wake of the nuclear deal, the country's central bank governor said Friday.

Valiollah Seif said the US-led world powers involved in the negotiations leading up to the agreement continue to set obstacles to its economic revival.

"The impact that we were expecting to get is not what we see, at least on a tangible basis," he told a forum at the Council of Foreign Relations in Washington.

"We still don't have normal conditions, we're still in abnormal conditions."

Tehran and the major powers led by the United States agreed in July 2015 to lift sanctions that had locked down much of the Iranian economy for years in exchange for limits on Tehran's nuclear program.

The move allowed the country to resume a high level of oil exports and opened up more trade opportunities. But with the US still maintaining some sanctions on the country, its access to the global financial system remains limited.

Seif, in the US capital for the IMF-World Bank spring meetings, pointed to the reticence of European banks to engage with the country in fear of falling afoul of US sanctions.

"They have been asked not to work with Iranian banks, and they're afraid," he said.

"It's because of the heavy penalties that have been imposed upon then."

A number of leading European banks have been heavily fined by US authorities in recent years for doing banking business with countries under sanctions, including Iran.

France's BNP Paribas had to pay $9 billion in 2014 for breaking such sanctions.

The United States continues to keep Tehran locked out of its banking system, which makes it hard for anyone doing large transactions with the country in US dollars.

"We want both sides of the agreement, especially the US, to take the required measures to remove the obstacles," Seif said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran west not sticking to commitments on easing sanctions Arab Today, arab today iran west not sticking to commitments on easing sanctions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran west not sticking to commitments on easing sanctions Arab Today, arab today iran west not sticking to commitments on easing sanctions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday