Tehran urges U.S. to reassure European banks over trade with IranFebruary 5, 2016 - 10:28 AMT PanARMENIAN.Net - Iran on Thursday, February 4, called on the United States to make a clear public pledge that it would not penalize European banks for legitimate trade with the Islamic Republic, Reuters reports. Many foreign banks are cautious about resuming trade with Iran following January's nuclear deal because they fear being caught up in ongoing U.S. sanctions. "Rebuilding the confidence of the banks that the United States will not re-intervene in their relations with Iran may require some further assurance from the United States," Iranian Foreign Minister Mohammad Javad Zarif said at Chatham House in London. "We don't need any more legalese - we need clear precise assurances that banks can do business with Iran," he said. "I hope that is fast coming because if not it would be a problem of implementation." Although world powers lifted many crippling sanctions against Iran in return for the country complying with a deal to curb its nuclear ambitions, some restrictions remain in place Washington still prevents U.S. nationals, banks and insurers from trading with Iran and also prohibits any trades with Iran in U.S. dollars from being processed via the U.S. financial system. European banks are also cautious - with some, including Deutsche Bank, remembering past fines from U.S. regulators for breaking sanctions. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |