Iran says may withdraw from nuclear deal if banks continue to stay away
Source: Reuters
FEBRUARY 22, 2018 / 4:32 AM / UPDATED 4 HOURS AGO
Bozorgmehr Sharafedin
LONDON (Reuters) - Iran will withdraw from the 2015 nuclear deal if there is no economic benefit and major banks continue to shun the Islamic Republic, its deputy foreign minister said on Thursday.
Under the deal with Britain, China, France, Germany, Russia and the United States, Iran agreed to restrict its nuclear program in return for the removal of sanctions that have crippled its economy.
Despite that, big banks have continued to stay away for fear of falling foul of remaining U.S. sanctions - something that has hampered Iran’s efforts to rebuild foreign trade and lure investment.
Adding to those concerns, U.S. President Donald Trump told the Europeans on Jan. 12 they must agree to “fix the terrible flaws of the Iran nuclear deal” or he would re-impose the sanctions Washington lifted as part of that pact.
Read more: https://www.reuters.com/article/us-iran-usa-nuclear/iran-says-may-withdraw-from-nuclear-deal-if-banks-continue-to-stay-away-idUSKCN1G610S
