EU banks free to engage in commerce with Iran under nuclear deal – Kerry

May 12, 2016 6:20 am 

WASHINGTON, May 11 — European banks are permitted under the terms of the Iran nuclear deal to engage in transactions with Tehran, US Secretary of State John Kerry said on Tuesday.

Reports have indicated that European banks are hesitant to do business with Iran for fear of violating US and international sanctions. Kerry on Tuesday said those fears are misplaced and the United States is "prepared to clarify it for anybody."

"The banks in Europe are free to lend, to back a deal, to open an account for Iran [and] to engage in commerce," Kerry stated in an interview with CNN.

In July, Iran and six world powers, including the United States and Russia, signed the Joint Comprehensive Plan of Action (JCPOA) agreement whereby Tehran agreed to dismantle aspects of its nuclear program to ensure it would not be used to make a nuclear weapon.

Kerry stressed that Iran has upheld its end of the agreement and has a right to benefit from the JCPOA. (PNA/Sputnik)



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