News ID: 168765
Published: 0612 GMT September 16, 2016

Salehi, Hammond discuss Iran banking restrictions

Salehi, Hammond discuss Iran banking restrictions

Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi and UK Chancellor of the Exchequer Philip Hammond exchanged views on banking restrictions facing Iran and a new dawn for the country's economy following the lifting of nuclear-related after the landmark agreement between Tehran and the six world powers.

In a meeting in London Thursday evening, the pair explored avenues for expanding Iran-Britain economic and trade relations. Both sides underlined the need for the swift removal of all banking hurdles and the full implementation of the nuclear deal struck between Iran and the P5+1 last July, Press TV reported.

"Although many issues were resolved and many banks resumed relations with Iran after the implementation of Joint Comprehensive Plan of Action (JCPOA), major banks are yet to return to do business with us. This was specifically brought up in talks with the chancellor of the exchequer," Salehi told reporters after his meeting with Hammond.

He pointed to the steps adopted by Britain's top business official, noting, "I assume that they are trying to clear the hurdles and find solutions to the existing problems.

"The work is progressing and the problems are being dealt with seriously so that they are swiftly resolved."

Earlier on Thursday, Salehi discussed the implementation of the nuclear agreement with European Union foreign policy chief Federica Mogherini in Brussels.

Salehi reaffirmed Iran's full commitment to its obligations under the JCPOA, saying Tehran expects the other side to do the same.

The two officials called for necessary steps to open up Iran's business environment to the global markets, and facilitate European investors' engagement with Iran.

Iran and the five permanent members of the UN Security Council plus Germany finalized the text of the JCPOA in Vienna, Austria, on July 14, 2015. They started implementing the agreement on January 16.

Under the deal, all nuclear-related sanctions imposed on Iran by the European Union, the Security Council and the US would be lifted, while in return, Iran has placed some limitations on its nuclear activities.

However, many large European banks still refrain from conducting transactions with Iran for fear of US penalties.

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