20 May 2024
Tuesday 17 July 2018 - 12:15
Story Code : 312451

European governments explore financial channels for Iran

The Wall Street Journal - The French, British and German governments have told Iran they are exploring activating accounts for the Iranian central bank with their national central banks in a bid to open a financial channel to keep alive the Iranian nuclear deal, according to several European officials.

The move is the first concrete sign that Europe could deliver on its promiseto take steps to sustain the Iranian nuclear deal,setting European governments squarely against the Trump administrations Iran sanctions policy aimed at isolating Tehran economically.


Following theU.S. withdrawal from the deal in May, Iran has said it would stop complying with the nuclear deal unless it continues to receive the economic benefits of the 2015 agreement. That deal saw most international sanctions on Tehran lifted in exchange for strict but temporary restrictions on Irans nuclear work.

Officials involved in discussions said the option of central banks activating Iranian central bank accountsor reactivating some which have been dormant for yearsis one of several that European governments are actively exploring. The three European governments laid out their plans to Iran during discussions earlier this month among foreign ministers and senior officials in Vienna. Officials said they are still trying to iron out details.


 

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