US Efforts  in Vain
Economy, Business And Markets

US Efforts in Vain

A former top US Treasury Department official acknowledged in talk with The Weekly Standard Thursday that major international firms still do not want to do business with Iran, despite efforts by the Obama administration to persuade foreign banks and businesses to reengage there. Stuart Levey, the Treasury Department undersecretary for terrorism and financial intelligence under the Bush and Obama administrations, said that though some sanctions on Iran were lifted after last summer’s nuclear deal, firms remain wary of doing business with the Islamic Republic. The Obama administration initiated a global tour to encourage foreign firms to reengage with Iran around May, after the Iranians complained about not seeing the economic benefits from the nuclear deal. Officials in Iran have repeatedly called on US authorities to give concrete assurances to major banks that their business with Iran won’t entail penalties.


Short URL : https://goo.gl/WbMOHd
  1. https://goo.gl/7bzUCV
  • https://goo.gl/4WWius
  • https://goo.gl/aapdzv
  • https://goo.gl/xX1PTk
  • https://goo.gl/8BEKsY

You can also read ...

Mental Health Investment: The Economic Case
The link between mental health and economic productivity is...
Bloom and billet sales made up the lion’s share of KSC’s sales.
Iran’s largest steel exporter Khouzestan Steel Company...
IZMDC’s Zinc Output Tops 8,000 tons
Iran Zinc Mines Development Company’s subsidiaries produced a...
Carmakers Pile Into Europe Scrappage Offers
Renault-Nissan and Kia are the latest car companies to launch...
Banks will now draft a single set of balance sheets that adhere to CBI’s IFRS-based templates.
Minister of Economic Affairs and Finance Masoud Karbasian and...
Ikarus buses were popular in Iran during 1990s.
Hungarian bus manufacturer Ikarus is set to re-enter Iran...
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new...
IRICA Chief  in Turkey
Foroud Asgari, the new head of the Islamic Republic of Iran...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.