Why Foreign Banks Are Still Cautious About Dealing With Iran
Iranian president Hassan Rouhani at the Campidoglio palace in Rome, Italy, as he begins his four-day visit to Europe, January 25./ LONDON (Reuters) - Iran on Thursday 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. 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 ...
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