No Major Hurdle for Zarubezhneft Money Transfer to Iran

International sanctions against Iran's banking system will not create a major hurdle on transferring money into the country by Russia’s state-owned oil company Zarubezhneft, which made a major oil deal with Iran last month, a senior official at the National Iranian Oil Company said.
According to Gholamreza Manouchehri, deputy for engineering and development at NIOC, a score of Russian banks, whose ties with Iran are still in place, can facilitate the deal's financial transactions, Mehr News Agency reported on Tuesday.
 "The [Russian] company can also transfer its share through several European banks," he added, without elaborating further.