Economy, Business And Markets

China Backs Banking Reconnect

China Backs Banking Reconnect  China Backs Banking Reconnect

The ambassador of the People’s Republic of China to Iran says many banks throughout the world are waiting for a go-ahead from the United States Treasury to restart their dealings with Iran. According to Pang Sen, the nuclear deal is a “historic” agreement, but the delays so far have prevented Iran from getting what it was supposed to get, ISNA reported. Noting that China is in favor of removing all restrictions on Iran, the diplomat emphasized that all parties involved in the nuclear agreement should uphold their responsibilities. “China fully backs the removal of all financial and energy sanctions against Iran because it will help normalize Iran’s financial and economic relations with the world,” he said.