Friday, October 28, 2016

Iran Blames The U.S. For Not Being Successful In Reconnecting With Global Banks

An Iranian flag flutters in front of the head office of the Export Development Bank of Iran in Tehran, Nov. 9, 2008. (photo by REUTERS/Morteza Nikoubazl)

The Guardian: West's failure to reconnect Iran to global banks 'risks breaching nuclear deal'

Former UK ambassador to Tehran says ongoing banking difficulties prevent Iran from capitalising on interest from western firms after deal signed a year ago

The west risks breaching the landmark nuclear agreement if it fails to give Iran proper access to the international financial system, a former British ambassador to Iran has argued.

Sir Richard Dalton, who served in Tehran between 2003 and 2006, said in a report published this week in the journal of the Royal Society of Asian Affairs in London that the US and its allies had made “some potentially significant mistakes” in respect to reconnecting Iran to global banks after the deal.

Hassan Rouhani, under pressure to show tangible benefits of the lifting of sanctions to Iranians before the next presidential vote in 2017, complained at the UN in September that the US was failing to fulfil its obligations.

Read more ....

WNU Editor: The Iranians can blame the U.S. all that they want .... but no banker is going to do business with a country that has a policy of supporting internationally recognised terror groups. The legal and financial consequences for a bank if it is found that it was used in funding a terror op .... especially a huge one .... will be a huge financial hit.

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