Iranian banking officials emphasize the definitive lifting of banking sanctions and the receipt of guarantees during the negotiations

Iranian banking officials emphasize the definitive lifting of banking sanctions and the receipt of guarantees during the negotiations
  • 2021-05-11
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"Central Bank of Iran officials are directly involved in negotiations to lift banking sanctions to ensure that they are real and tangible," Bloomberg reported.

According to the International Iranian Stone Exhibition, Bloomberg wrote in a report that Iran intends to receive guaranteed and definitive lifting of sanctions against its banking industry during the nuclear negotiations.

Abdolnasser Hemmati, Governor of the Central Bank of Iran, in response to written questions regarding restrictions on Iran's access to the international payment system in Belgium (Swift), said: "The lifting of sanctions against the Central Bank and Iranian banks, Swift and any transfer "And the transfer of money between them and the big foreign banks has to be approved."

* Participation of the Central Bank of Iran in the negotiations

He added that central bank officials are directly involved in the talks to ensure that the lifting of US sanctions is real and tangible.

* The nuclear deal was not enough for global banking

Bloomberg wrote that the nuclear deal to persuade European banks to cooperate with Iran, even before It was not enough for Trump to pull out of the deal.

Although most US sanctions against Iran's nuclear program were lifted, the old sanctions remained in place under the pretext of Iran's links to terrorist groups.

Hence, international banks feared cooperating with Iran for fear of multimillion-dollar fines. As a result, Iranian officials were quick to complain about the remaining US sanctions, which undermined the country's ability to communicate with the world.

* Practical lifting of sanctions demanded by the Supreme Leader of Iran

Ayatollah Ali Khamenei, Iran's Supreme Leader, explicitly told his country's diplomats in February that this time they should prevent a similar trap from falling. US sanctions must be lifted, not just in words and on paper, but in practice.

 "We will verify the lifting of sanctions in our own way ... I, personally, am optimistic about the negotiation process," Hemmati said.

* The voice of Wall Street companies also came

There is also pressure in Washington, the report said. On Thursday, Wall Street companies called on the Biden administration to reduce the heavy burden of complying with the flood of sanctions imposed by the Trump administration on enemies such as Iran.

LexisNexis Risk Solutions estimates that financial institutions in the United States and Canada will spend $ 42 billion by 2020 on financial penalties, including sanctions and anti-money laundering measures.