Economy, Business And Markets
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US Must Reassure Banks of Iran Trade

US Must Reassure Banks of  Iran Trade US Must Reassure Banks of  Iran Trade

The United States must do more to assure international banks that they can do business with Iran, Iran’s Foreign Minister Mohammad Javad Zarif said on Tuesday. “It seems that there is a psychological barrier,” Zarif told reporters during his visit in Helsinki, Reuters reported.”Some European countries, even European banks, continue to be concerned about retribution by the United States. I believe that (in) the United States, they need to go further in order to provide reassurances to the banks that this will not take place.” International measures against Iran were lifted in January as part of the deal with world powers under which Tehran curbed its nuclear program. But the banking industry has been left cautious over fines incurred for sanctions breaches in recent years.

Financialtribune.com