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Iran stands for US sanctions

UNITED STATES (OBSERVATORY) –┬áThe Central Bank of Iran has prepared several banking scenarios in anticipation of the US withdrawal from the nuclear agreement, and the return of Washington sanctions against Tehran.

Iran’s central bank governor, Aliullah Saif, said on the sidelines of the Iran-EU trade forum on Saturday in Tehran that appropriate mechanisms had been put in place to run the business if Washington withdrew from the deal.

According to Fars, the Iranian banking system expects European governments to adopt banking relations commensurate with the volume of trade relations between them and Iran.

“Some European banks and most Iranian banks are active in this direction, but we want the intervention of leading European banks to facilitate business dealings with Europe,” he said.

“The Iranian central bank recognizes the role of the EU in overcoming banking obstacles, although European governments can not pressure banks to carry out banking operations,” he said, reassuring European banks to deal with Iran.

US President Donald Trump described the nuclear deal with Iran as “one of the worst agreements” ever negotiated.

Trump gave Britain, France and Germany last January to “redress the serious flaws in the Iranian nuclear deal,” under the threat of re-imposing sanctions on Iran.