Iran
pushes U.S. for more access to global financial system
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[April 16, 2016]
By Bozorgmehr Sharafedin
DUBAI (Reuters) - Iran's main goal in its
nuclear talks with world powers was to secure access to the global
financial system, and the United States must now do more to remove
obstacles to the banking sector, Foreign Minister Mohammad Javad Zarif
said on Saturday.
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In January, world powers led by the United States and the European
Union lifted most sanctions on Iran in return for curbs on its
nuclear program.
But some U.S. sanctions remain, and U.S. banks remain prohibited
from doing business with Iran directly or indirectly because
Washington still accuses Tehran of "supporting terrorism".
That has deterred European institutions, which fear they could face
U.S. legal problems if they re-establish banking links.
Zarif used the visit of EU foreign policy chief Federica Mogherini,
the first by a high-level EU delegation since the deal came into
force in January, to make his point.
"Iran and the EU will put pressure on the United States to
facilitate the cooperation of non-American banks with Iran," Zarif
said at a news conference in Tehran with Mogherini who said in a
tweet that she was leading a team of seven EU commissioners.
"It's essential that the other side, especially the United States,
fulfil its commitments not on paper but in practice and removes the
obstacles especially in banking sector," he said.
Zarif and Mogherini said in a joint statement after the news
conference that the EU and Iran were agreed on the expansion of
economic relations, and "encouraging banking cooperation."
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The White House said on Friday that an agreement with Iran does not
include giving it access to the global financial system.
Iranian central bank Governor Valiollah Seif met U.S. Treasury
Secretary Jack Lew on Thursday in Washington and said they discussed
Iran's expectations under the nuclear deal.
Lew told Seif that the United States would keep meeting "its
sanctions-related commitments in good faith" as long as Iran
continues to uphold its end of the bargain.
(Reporting by Bozorgmehr Sharafedin; Editing by Richard Balmforth)
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