JCPOA Commission to Discuss Role of Foreign Banks
The role of foreign financial institutions in implementing Iran’s nuclear agreement with world powers could be the most critical issue at the upcoming meeting of the commission on the Joint Comprehensive Plan of Action, Russian Permanent Representative to International Organizations in Vienna Vladimir Voronkov said.
“I think that the role of financial institutions in the implementation of the agreement will be a very burning issue. Now the process of unfreezing economic relations against Iran is going on as part of lifting of multilateral sanctions. But the US banks are not active enough and don’t work effectively on providing financial mechanisms for this process,” the Russian official was quoted as saying by TASS.
Voronkov noted that the US economic sanctions against Iran “create an unfavorable climate”.
The Joint Commission’s meeting will be held in Vienna on April 25 with the representatives of Iran and P5+1 (the five permanent members of the United Nations Security Council and Germany) in attendance.
The meetings on JCPOA issues are held regularly every three months.