Call for Practical Commitment to JCPOA

Call for Practical Commitment to JCPOACall for Practical Commitment to JCPOA

Iran’s foreign minister called on parties to the nuclear deal to live up to their commitments under the accord so that banking interactions with Iran witness practical changes.

“Iran has truly honored its commitments under the nuclear deal (formally known as the Joint Comprehensive Plan of Action), and now expects the other side to take effective steps in practice to facilitate banking relations with Iran,” Mohammad Javad Zarif said on Monday. He made the statements in a meeting with Secretary-General of the French Ministry of Foreign Affairs and International Development Christian Masset in Tehran, Tasnim News Agency reported. Tehran and P5+1 (the five permanent members of the UN Security Council plus Germany) concluded the nuclear agreement in July 2015. The pact took effect on January 16, terminating all nuclear-related sanctions against the Islamic Republic. Iran still faces problems in its banking transactions because international financial institutions fear possible US punitive measures under its remaining sanctions on Iran. Masset said the implementation of bilateral agreements between Iran and France will help stimulate banking interactions and remove the obstacles.